Europe Cyber Security Market Size, Trends & Growth Opportunity, By Type (Network Security, Cloud Security, Application Security, EndPoint Security, Wireless Network Security, and Others), By Solution (Threat Intelligence & Response, Identity & Access Mana

Europe Cyber Security Market Size, Trends, & Growth Opportunity, By Type (Network Security, Cloud Security, Application Security, End-Point Security, Wireless Network Security, and Others), By Solution (Threat Intelligence & Response, Identity & Access Management, Data Loss Prevention, Security & Vulnerability Management, Unified Threat Management, Enterprise Risk and Compliance, Managed Security, and Others), By Deployment (Cloud and On-Premise), By Industry (Aerospace, Defense & Intelligence, BFSI, Healthcare, Manufacturing, Retail, Government, IT & Telecommunication, Others), Regional Outlook, Competitive Market Share, & Forecast till 2022–2027.

Europe Cyber Security Market

Europe Cyber Security Market was valued at USD 9.56 billion in 2021 and is expected to reach USD 25.61 billion by 2027, at a CAGR of 14.61% from 2022-2027.

Cybersecurity is the practise of defending servers, computers, mobile devices, networks, electronic systems, and data from malicious attacks. It is also known as information technology security (ITS) or electronic information security (EIS). The term applies in a variety of contexts, from business to mobile computing, and can be divided into a few common categories.

Market Drivers

Rising cybercrimes worldwide is one of the key driving factors which is expected to drive the Europe cyber security market growth. With the rising technological advancements in sectors such as the IT industry, new security challenges are required to be addressed, which will have a positive impact on the Europe cyber security market's growth. Furthermore, growing demand for cloud-based cyber security solutions will propel the market growth. Moreover, an increase in government initiatives and investment to reduce cybercrime is expected to boost market growth in the forecast period.

Market Restraints

The change in cyber security standards, rules, and regulations differs from region to region and is the major restraining factor hindering the expansion of the cyber security market in Europe. Many countries have their own set of standards. This factor influences the European cyber security market.

Market Segmentation

Europe Cyber Security Market is segmented into type, deployment, industry, and region.

Based on security type, the market can be categorised into network security, endpoint security, application security, cloud security, content security, and others. The solution 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.

Regional Analysis

The Europe Cyber Security Market is segmented into various countries such as Germany, UK, France, Turkey, Switzerland, Norway, Sweden, Spain, Italy, Denmark, Finland, Iceland, Poland, Luxembourg, Netherlands, and Belgium. In the United Kingdom, many people rely on the services provided by digital networks. As the dependence on cyberspace grows in the country, there is a rising need for its security, which is demanding the adoption of the cyber security market in the UK. This is leading to the growth of the UK cyber security market in the forecast period.

Market Key Players

Various key players are discussed in this report, such as IBM, Dell Root 9B, Cisco Systems Inc., Palo Alto Networks, Symantec Corp., Trend Micro Inc., Fortinet Inc., FireEye Inc., Proofpoint, Check Point Software Technology Ltd., and others.

These key players are adopting different strategies in the European region to the lucrative path towards expanding their market share. For example, in January 2020, Cisco opened its 1st Cyber Security Co-Innovation Center, which is totally dedicated to cyber security and privacy in Europe.

Market Taxonomy

By Type

• Network Security
• Cloud Security
• Application Security
• Endpoint Security
• Wireless Network Security
• Others

• Threat Intelligence & Response
• Identity & Access Management
• Data Loss Prevention
• Security & Vulnerability Management
• Unified Threat Management
• Enterprise Risk and Compliance
• Managed Security
• Others

• Cloud
• On-Premise

• Aerospace, Defense, & Intelligence
• BFSI
• Healthcare
• Manufacturing, retail, and government
• IT & Telecommunication
• Others

• Germany
• UK
• France
• Turkey
• Switzerland
• Norway
• Sweden
• Spain
• Italy
• Denmark
• Finland
• Iceland
• Poland
• Luxembourg
• Netherlands
• Belgium