Europe Cybersecurity Market Sees Explosive Growth Globally

According to the latest research report published by Market Data Forecast, the size of the European cybersecurity market is expected to be valued at USD 72.47 billion in 2024 and USD 110.79 billion by 2029, growing at a CAGR of 8.86% from 2024 to 2029.

Cybersecurity is the practice of guarding against digital attacks on systems, networks, and programs. These cyber-attacks are typically intended to gain access to, change, or destroy sensitive information; extort money from users, or disrupt normal business processes. A successful cyber security strategy includes multiple layers of protection spread across the computers, networks, programs, or data that are to be protected. People, processes, and technology must all work together in an organization to create an effective defense against cyber-attacks. A unified threat management system can accelerate key security operations functions such as detection, investigation, and remediation by automating integrations across select Cisco Security products.

Global Europe Cybersecurity Market Report Scope:
• Market Size (2029): USD 110.79 billion
• Market Size (2024): USD 72.47 Million
• CAGR (2024 to 2029): 8.86%
• Base Year: 2023
• Forecast Period: 2024 to 2029
• Segments Analysed: By Security Types, Solution Types, Deployment Mode, End-User Industry, and Countries.
• Geographies Covered: North America, Europe, APAC, Latin America, and Middle East & Africa
• Key Market Players Profiled: Sophos Solutions, IBM Corporation, Oracle Corporation, Micro Focus, Juniper Networks, McAfee Cisco Systems, AVG Technologies, Dell EMC Fortinet, InfoGuard, SecurityHQ, Bridewell, Bitdefender, SEON, Stormshield, F-Secure, Darktrace, and Others.

Market Drivers:

The Europe cybersecurity market is driving due to the exponential increase in online attacks, malware, fishing mail, etc. There was a total of 204 publicly discovered security incidents and out of this 131 were in the EU which makes up 41,122,680 records known to be breached. Also, it constitutes around 15 per cent of the world's attacks. In comparison to November 2023, there was a 47 per cent surge however a considerable reduction in percentage terms as it accounted for 139 incidents which were 30 per cent of that month's global attacks.
The fast pace of digitalization is another factor propelling the Europe cybersecurity market growth. This is due to the increased attack surface. Cybercriminals have expanded their hacking and data breach frequency on the Internet of Things (IoT), cloud computing, machine learning and artificial intelligence-based services and products. As a result, to protect their online infrastructure companies are heavily allocating funds for this purpose.

Market Restraints:

The Europe cybersecurity market growth is derailed because of the lack of proficient and trained people who are capable enough to deal with such a level of threats. And, coupled with global economic downturn and multiple regional conflicts the recruitment process has become costly and complicated. So, this scarcity of skilful professionals forced all types of companies to productively and successfully their cybersecurity resources and activities.
Another factor constraining the market expansion is the intricacies of countering potential threats. The quickly evolving attack vectors, risk landscape and problems in mitigating cyber challenges. Also, continuous surveillance and investment in cutting-edge technologies are needed to outperform digital threats.
Additionally, budget limitations of SMEs are hindering the Europe cybersecurity market. The application of capable and strong cybersecurity systems and tools gets tougher as these are quite expensive to buy and maintain.
Therefore, all these factors are significantly hampering the market share and are expected to further challenge the industry players in the coming years.

Browse full details of the report @ https://www.marketdataforecast.com/market-reports/europe-cyber-security-market

Key Insights from The Report:
•Based on Security Type, the Application Security segment led the market and accounted for a large share of the global market in 2023.
•Based on Solution Type, the Identity & Access Management segment captured the largest share of the global market in 2023.
•Based on Deployment Mode, the On-Premises segment is anticipated to dominate the market in 2023.
•Based on the End-User Industry, the BFSI segment dominated the market in 2023
•Denmark dominated the Generative Design Market in 2023. France accounted for the second-highest share of the global market in 2023, and the Sweden region is estimated to grow over the forecast period.

SEGMENTATION INCLUDED IN THIS REPORT:

By Security Type:
•Network Security
•Endpoint Security
•Application Security
•Cloud Security
•Content Security
•Other

By Solution Type:
•Identity & Access Management
•Risk & Compliance Management
•Encryption & Decryption
•Data Loss Prevention
•Unified Threat Management
•Firewall
•Antivirus & Malware
•Intrusion Detection/Prevention System
•Infrastructure Security
•Others

By Deployment Mode:
•On-Premises
•Cloud

By End-User Industry:
•BFSI
•IT & Telecom
•Defense
•Energy & Power
•Retail
•Healthcare
•Others

By Country:
•Denmark
•France
•Sweden
•Germany
•Italy
•Netherland
•Switzerland
•Poland
•Greece
•Austria
•Sweden
•Belgium
•Norway
•Others

TABLE OF CONTENTS:

1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year, and Forecast Periods

2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline

3. Report Overview
3.1 Executive Summary
3.2 Key Inferences

4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends

5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market Share Analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations

6. Market Segmentation
6.1 Europe Cyber Security Market, By Security Type
6.1.1 Network Security
6.1.2 Endpoint Security
6.1.3 Application Security
6.1.4 Cloud Security
6.1.5 Content Security
6.1.6 Other
6.1.7 Market Size Estimations & Forecasts (2024 to 2029)
6.1.8 Y-o-Y Growth Rate Analysis
6.1.9 Market Attractiveness Index
6.2 Europe Cyber Security Market, By Solution Type
6.2.1 Identity & Access Management
6.2.2 Risk & Compliance Management
6.2.3 Encryption & Decryption
6.2.4 Data Loss Prevention
6.2.5 Unified Threat Management
6.2.6 Firewall
6.2.7 Antivirus & Malware
6.2.8 Intrusion Detection/Prevention System
6.2.9 Infrastructure Security
6.2.10 Others
6.2.11 Market Size Estimations & Forecasts (2024 to 2029)
6.2.12 Y-o-Y Growth Rate Analysis
6.2.13 Market Attractiveness Index
6.3 Europe Cyber Security Market, By Deployment Mode
6.3.1 On-Premise
6.3.2 Cloud
6.3.3 Market Size Estimations & Forecasts (2024 to 2029)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
6.4 Europe Cyber Security Market, By End User Industry
6.4.1 BFSI
6.4.2 IT & Telecom
6.4.3 Defense
6.4.4 Energy & Power
6.4.5 Retail
6.4.6 Healthcare
6.4.7 Others
6.4.8 Market Size Estimations & Forecasts (2024 to 2029)
6.4.9 Y-o-Y Growth Rate Analysis
6.4.10 Market Attractiveness Index

7. Geographical Landscape
7.1 Global Cyber Security Market, by Region
7.2 North America - Market Analysis (2024 to 2029)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Security Type
7.2.3 By Solution Type
7.2.4 By Deployment Mode
7.2.5 By End User Industry
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Security Type
7.3.3 By Solution Type
7.3.4 By Deployment Mode
7.3.5 By End User Industry
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Security Type
7.4.3 By Solution Type
7.4.4 By Deployment Mode
7.4.5 By End User Industry
7.5 Latin America
7.5.1 By Country
7.5.1.1 brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Security Type
7.5.3 By Solution Type
7.5.4 By Deployment Mode
7.5.5 By End User Industry
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Security Type
7.6.3 By Solution Type
7.6.4 By Deployment Mode
7.6.5 By End User Industry

8. Key Player Analysis
8.1 Sophos Solutions
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 IBM Corporation
8.3 Oracle Corporation
8.4 Micro Focus
8.5 Juniper Networks
8.6 McAfee
8.7 Cisco Systems
8.8 AVG Technologies
8.9 Dell EMC
8.10 Fortinet

9. Market Outlook & Investment Opportunities

10. Appendix
List of Tables
List of Figures

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This release was published on openPR.