Europe Cyber Security Market

Europe Cyber Security Market by Product Type (Solutions, Services), Deployment (Cloud, On-Premise), End-user Industry (Aerospace and Defense, Banking, Financial Services & Insurance, Healthcare, Manufacturing, Retail, Public Utility, IT and Telecommunication) and Country (United Kingdom, German, France, Italy and Rest of Europe) -Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.

  • Report ID: ICT-SE-938
  • Author: Growth Market Reports
  • Rating: 4.7
  • Total Reviews: 3
  • No. Of Pages: 148
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Europe cyber security market size was 37.38 billion in 2020 is estimated to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to increasing penetration of the internet. Moreover, the growing wireless network catering to mobile devices has enhanced data vulnerability.

Europe Cyber Security Market Key Takeaways

Cyber threats are internet-based efforts to damage or disrupt information systems and hack vital information using spyware, malware, and phishing. Cyber security solutions help an organization to detect report, monitor and counter cyber threats to maintain data confidentiality.

Rising technological advancements in data transfers, cloud services are becoming more common. The public cloud has been emerging. This is leading to faster transfer of phishing bots, emails, and ransomware, demonstrating the vulnerabilities brought in by them .Furthermore, the expanding penetration of technology facilitators in the region, coupled with rising acceptance of virtual shopping, has propelled the e-commerce ecosystem

The Covid-19 pandemic had favourable impact on the Europe cyber security market. The UK's National Cyber Security Centre (NCSC) has declared a public alert and fresh guidance as cybercriminals are targeting the potential of COVID-19 to gain sensitive information from users spending significant time on the internet owing to the lock-down situation; however, the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.

Market Trends, Drivers, Restraints, and Opportunities

  • The growing need for security solutions in banking service and private financial sectors safeguarding cyber-attacks and data confidentiality is estimated to drive the market growth during the forecast period.
  • The rising cyber threats, increasing government regulations on data privacy, a increasing number of data centres are the key factors growing the demand for cyber security and directly impacting the market expansion
  • Lack of awareness and availability of pirated cyber security solutions are estimated to impede the market expansion in coming years.
  • R&D investment and technological advancement in Europe cyber security market are expected to offer lucrative opportunities for the market players.

Scope of the Report

The report on the Europe cyber security market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Cyber Security Market - Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Product Type (Solutions, Services), Deployment (Cloud, On-Premise), End-user Industry (Aerospace and Defense, Banking, Financial Services & Insurance, Healthcare, Manufacturing, Retail, Public Utility, IT and Telecommunication)

Country

United Kingdom, German, France, Italy and Rest of Europe

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

IBM Corporation, Cisco Systems, Inc., Dell Inc., Qualys Inc. and Check Point Software Technologies Ltd.


Market Segment insights

Solution segment is anticipated to expand at a substantial pace
Based on product type, the Europe cyber security market is segregated into solutions, services. The solutions segment is projected to account for a key share of the market during the forecast period due to increasing expenditure by the government on security solutions.

Europe Cyber Security Market By Product Type

The cloud segment is projected to constitute a large market share
Based on deployment, the Europe cyber security market is segregated into cloud and on-Premise. The cloud segment is expected to account for a key share of the market during the forecast period owing to the associated benefits such as flexibility, scalability, low operational costs and auto-update feature among others.

Retail segment is expected to register a substantial CAGR
Based on end-user industry, the Europe cyber security market is divided into aerospace and defense, banking, financial services & insurance, healthcare, manufacturing, retail, public utility, IT and telecommunication. The retail segment accounts for a key share of the market and is estimated to propel even further over the forecast period owing to growth of hypermarkets and supermarkets and e-commerce and omni-channel business models. The retail industry's growth is projected to upsurge the demand for cyber security, as it is investing heavily in customer satisfaction and retention. Furthermore, digitization and use of software and improving internet connectivity are projected to drive the demand for cyber security

Europe Cyber Security Market By End-user Industry

France is expected to dominate the market
In terms of country, the market is broadly classified as United Kingdom, German, France, Italy and Rest of Europe. France is anticipated to expand at a robust CAGR during the forecast period. Rising investment on cyber security and its cyber security strategy targeting to accompany the French society's digital transformation initiatives and address the new challenges of digital technology is anticipated to boost the market growth over the coming years.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Cyber Security Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Cyber Security Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Cyber Security Market - Supply Chain
  4.5. Global Cyber Security Market Forecast
     4.5.1. Cyber Security Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Cyber Security Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Cyber Security Market Absolute $ Opportunity
5. Global Cyber Security Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Cyber Security Market Size and Volume Forecast by End Users
     5.3.1. Aerospace and Defense Banking Financial Services & Insurance Healthcare
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Cyber Security Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Cyber Security Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Cyber Security Demand Share Forecast, 2019-2026
7. North America Cyber Security Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Cyber Security Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Cyber Security Market Size and Volume Forecast by End Users
     7.4.1. Aerospace and Defense Banking Financial Services & Insurance Healthcare
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Cyber Security Demand Share Forecast, 2019-2026
8. Latin America Cyber Security Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Cyber Security Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Cyber Security Market Size and Volume Forecast by End Users
     8.4.1. Aerospace and Defense Banking Financial Services & Insurance Healthcare
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Cyber Security Demand Share Forecast, 2019-2026
9. Europe Cyber Security Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Cyber Security Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Cyber Security Market Size and Volume Forecast by End Users
     9.4.1. Aerospace and Defense Banking Financial Services & Insurance Healthcare
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Cyber Security Demand Share Forecast, 2019-2026
10. Asia Pacific Cyber Security Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Cyber Security Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Cyber Security Market Size and Volume Forecast by End Users
     10.4.1. Aerospace and Defense Banking Financial Services & Insurance Healthcare
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Cyber Security Demand Share Forecast, 2019-2026
11. Middle East & Africa Cyber Security Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Cyber Security Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Cyber Security Market Size and Volume Forecast by End Users
     11.4.1. Aerospace and Defense Banking Financial Services & Insurance Healthcare
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Cyber Security Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Cyber Security Market: Market Share Analysis
  12.2. Cyber Security Distributors and Customers
  12.3. Cyber Security Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. IBM Corporation Cisco Systems, Inc. Dell Inc. Qualys Inc. Check Point Software Technologies Ltd.
Segments Covered in the Report
The Europe cyber security market has been segmented on the basis of:-

Product Type
  • Solutions
  • Services
Deployment
  • Cloud
  • On-Premise
End-user Industry
  • Aerospace and Defense
  • Banking
  • Financial Services & Insurance
  • Healthcare
  • Manufacturing
  • Retail
  • Public Utility
  • IT
  • Telecommunication
Regions
  • United Kingdom
  • German
  • France
  • Italy
  • Rest of Europe
Key Companies
  • IBM Corporation
  • Cisco Systems, Inc.
  • Dell Inc.
  • Qualys Inc.
  • Check Point Software Technologies Ltd.

Key players competing in the Europe cyber security market include IBM Corporation, Cisco Systems, Inc., Dell Inc., Qualys Inc. and Check Point Software Technologies Ltd.

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares. For instances,

  • In February 2020, Mastercard started developing a Cyber Resilience Centre designed to foster cyber security partnership between the private and public sectors. Situated in Belgium, alongside Mastercard's European headquarters, the centre is anticipated to be the first of Europe's kind.

  • In July 2019, Orange acquired SecureLink, an independent cyber security player in Europe. With SecureLink's strong presence in Europe, Orange is continuously strengthening its ability to support customers across their regional footprints, while developing a unique scale in the industry.

    Europe Cyber Security Market By Key Players

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