Europe cyber security market is expected to grow at an impressive rate during the forecast period. The Europe cyber security market is driven by the General Data Protection Regulation (GDPR) compliance, 2017/679 for ensuring data safety and privacy. Additionally, growing number of cyber security projects initiated by the government and major vendors operating in the market is expected to fuel the market growth through 2027.
Furthermore, the advent and widespread adoption of advanced technologies such as AI, machine learning, blockchain, among others for ensuring cyber security is expected to create lucrative opportunities for the market growth during the forecast period. Besides, growing need to monitor and manage inhouse and external threats across organizations is further expected to spur the market growth over the next few years. However, need to conform to the cyber security standards, norms and regulations can slow down the market growth through 2027.
The Europe cyber security market is segmented based on security type, solution type, deployment mode, end user industry, company, and region. Based on security type, the market can be categorized into network security, endpoint security, application security, cloud security, content security and others. The application security segment is expected to register significant growth in the market during the forecast period on account of the increasing incidences of breaches targeting various business applications.
Based on deployment mode, the market can be bifurcated into on-premises and cloud. The cloud segment is expected to dominate the market owing to the associated benefits such as scalability, flexibility, low operational costs, auto-update feature, among others. Based on end user industry, the market can be fragmented into BFSI, IT & telecom, defense, energy & power, retail, healthcare, and others. The defense segment is expected to dominate the market owing to the increasing expenditure by the government on security solutions.
The major players operating in the cyber security market are Sophos Solutions, IBM Corporation, Oracle Corporation, Micro Focus, Juniper Networks, McAfee, Cisco Systems, AVG Technologies, Dell EMC, Fortinet, and others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Objective of the Study
- To analyze and estimate the market size of Europe cyber security market from 2017 to 2020.
- To estimate and forecast the market size of Europe cyber security market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast Europe cyber security market based on security type, solution type, deployment mode, end user industry, company, and regional distribution.
- To identify dominant region or segment in the Europe cyber security market.
- To identify drivers and challenges for Europe cyber security market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Europe cyber security market.
- To identify and analyze the profile of leading players operating in Europe cyber security market.
- To identify key sustainable strategies adopted by market players in Europe cyber security market.
Click here to download the sample
Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of service providers across the globe. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the service providers which could not be identified due to the limitations of secondary research. Market Insights Research analyzed the service providers, distribution channels and presence of all major players across the globe.
Market Insights Research calculated the market size of
Key Target Audience
- Cyber security service provider companies
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to cyber security
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2021 |
| Historic Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | - Security Type
- Solution Type
- Deployment Mode
- End User Industry
|
| Country scope | United Kingdom, France, Germany, Italy, Spain |
| Key companies profiled | Sophos Solutions, IBM Corporation, Oracle Corporation, Micro Focus, Juniper Networks, McAfee, Cisco Systems, AVG Technologies, Dell EMC, Fortinet |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
