2024 Salary Guide: Cyber Vendors, EMEA
The EMEA cybersecurity market has grown rapidly over the last year, with the UK still a central hub but accelerating expansion happening elsewhere, especially in the western European region. In December 2023, the European Commission announced funding to provide $1.29 billion for cloud computing and Edge development in France, Germany, Hungary, Italy, the Netherlands, Poland and Spain as these countries become larger centers for cyber development. The long-term aim is to build a stronger European cyber community to meet increased demand for cloud and data security over the next five years.
2023 was a challenging time in the cyber hiring market, with many companies pressing pause on personnel decisions amidst a period of economic and geopolitical turmoil. We saw mass layoffs in tech and IT which impinged into cybersecurity and rocked the stability the sector had previously enjoyed. In 2024 we’re seeing a change in market fortunes and a gradual improvement in job openings across the sector.
With our privileged position of having a bird’s eye view over the industry, we’ve been able to see firsthand the impact this has had on our sector. Yet as economic pressures ease slightly and more and more leaders come to realise the central importance of security in their operations in 2024, the trigger has been pulled on hiring decisions and team builds are starting to take off across the industry.
