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Europe Cyber Security Market by Segment, Companies, Forecast by 2027

07-05-2021 07:24 AM CET | IT, New Media & Software

Press release from: Renub Research

/ PR Agency: Renub Research
European Cyber Security Market Size will grow with a CAGR of 14.93% during 2020-2027.

European Cyber Security Market Size will grow with a CAGR of 14.93% during 2020-2027.

Europe is making cybersecurity a “high priority” and financing equipment & infrastructure. As the demand for robust Banking, Financial Services and Insurance (BFSI) and Defence security grows, the market for cybersecurity will explore and the number of available solutions. In 2019, according to Eurostat, the expanding penetration of mobile internet user’s uptake of 92% of young people in European region and adoption of cloud-based services, and Advanced Persistent Threats (APTs) presented a comprehensive opportunity for cyber vendors in the European cybersecurity market size. As the internet is cheaper, faster, and more widely available than ever before, the connected device, PCs and wearables cybersecurity continue to grow with data breaches, malware, and phishing. The Europe Cyber security Market is estimated to reach US$ 22.67 Billion by 2027.

Cyber security is continuing to be an integral part of every single organization across Europe. As per our report, we have studied complete insights of IT &Telecom, Retails, BFSI, Healthcare, Defence/Government, Automotive and others. Financial and banking service sectors are the primary targets of increasing cyber-attacks. Hackers have begun using malware, such as Danabot, Odinaff and Backswap, Camubot, to target banks that rely on the SWIFT network to send money-moving messages. The growing government regulations on data privacy, increasing cyber intimidations, and a swelling number of data centres are the most vital income generators for the Defence/Government cybersecurity market. European Cyber Security Market Size will grow with a CAGR of 14.93% during 2020-2027.

Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=europe-cyber-security-market-p.php

The European cyber security market for the Internet of Things (IoT) and connected device are in a growing phase. Germany, United Kingdom, France and Italy, are leading European countries to adopt IoT and connected device. However, many consumers across Europe are also seeing the importance of wearables devices and increasingly understand the benefits. The severity of cyber breaches has become more and more intense in recent years across European countries. The threat to UK companies from hackers and other malicious elements online was magnified in 2020. The number of attacks continued to grow, and cyber security has become increasingly important to many more parts of the UK economy.

In the past two years Denmark, France, Sweden citizens have faced the highest percentage of security-related problems in the European region. France is projected to hold a notable portion in the cybersecurity business in the European region. The French national cyber security plan attempts to supplement the French society's digital transformation actions and approach the new challenges expereinced due to the changing uses of digital technology and the associated threats. According to the Renub Research analysis, the Europe Cyber Security Industry was valued at US$ 8.56 Billion in 2020.

The primary companies in Europe cyber security market are Broadcom, Cisco Systems Inc., Check Point Software Technology Ltd., IBM and Palo Alto Networks, Inc. These key players are adopting different strategies in the European region to the lucrative path towards expanding their market share. In Jan 2020, Cisco opened its first Cyber Security Co-Innovation Centre, which is totally dedicated to cyber security and privacy in Europe.

Renub Research Latest Report "Europe Cybersecurity Market by Segment (Iot devices, PCS, Mobiles/network, Connected TV, Wearables, connected car) Component (IT &Telecom, Retails, BFSI, Healthcare, Defense/Government, Automotive & Others) Country (Germany, France, UK, Italy) Company (Broadcom, Cisco Systems, Inc., Check Point Software Technology Ltd., IBM, Palo Alto Networks, Inc.)" studies the European Cyber Security Industry. The report also comprises qualitative factors such as drivers, restraints, and opportunities.

Follow the link for the full report with detailed TOC and list of figures and tables: https://www.renub.com/europe-cyber-security-market-p.php

Segment – Europe Cyber Security Market has been covered from 6 viewpoints:

1. Iot devices
2. PCS
3. Mobiles/network
4. Connected Tv
5. Wearables
6. Connected car

Component - Europe Cyber Security Market has been covered from 7 viewpoints:

1. IT &Telecom
2. Retails
3. BFSI
4. Healthcare
5. Defense/Government
6. Automotive
7. Other

Country – Europe Cyber Security Market has been covered from 4 viewpoints:

1. Germany
2. France
3. U.K
4. Italy

Company Insights:

o Overview
o Company Initiatives
o Sales Analysis

Company Analysis:

1. Broadcom
2. Cisco Systems, Inc.
3. Check Point Software Technology Ltd.
4. IBM
5. Palo Alto Networks, Inc.

Industry Related Opportunity:

Asia Pacific Data Centre Market: https://www.renub.com/asia-pacific-data-centre-market-p.php

GCC Smart Homes Market: https://www.renub.com/gcc-smart-home-market-p.php

Digital Forensics Market: https://www.renub.com/digital-forensics-market-p.php

Australia Smart Home Market: https://www.renub.com/australia-smart-home-market-p.php

Global Augmented Reality Market: https://www.renub.com/augmented-reality-market-p.php

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building and Construction, & Agriculture. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

Our core team is comprised of experienced people holding graduate, postgraduate and PhD degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science and many more.

Contact Us:
Renub Research
Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)
Email: info@renub.com
Web: https://www.renub.com
Follow on Linkedin: https://www.linkedin.com/company/renub-research

Roswell, GA 30076

Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis and forecasting that is essential in today's ultra-competitive markets.

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