Europe Cybersecurity Market Growth, Size, Trends, Demand, Revenue, Share and Future Outlook
Europe Cybersecurity Market Size- By Offering, By Deployment, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Mar-2024 | Report ID: IACT2453 | Pages: 1 - 157 | Formats*: |
| Category : Information & Communications Technology | |||
Europe Cybersecurity Market Introduction and Overview
According to SPER Market Research, the Europe Cybersecurity Market is estimated to reach USD 144.84 billion by 2033 with a CAGR of 11.07%.
The report includes an in-depth analysis of the Europe Cybersecurity Market, including market size and trends, product mix, distribution channels, and supplier analysis.The field of cybersecurity has significance because it deals with safeguarding networks, systems, and data against many types of cyberattacks. The goal of these threats is to steal, alter, or destroy a target's data through a variety of harmful actions such ransomware, phishing, malware, hacking, and data breaches. These can even be sponsored by states and carried out by lone hackers or organized crime gangs. Not only is cybersecurity important for governments and big firms, but it's also a critical issue for people and small enterprises. A combination of people, procedures, and technology are used in effective cybersecurity measures. This combination aids in reducing the likelihood of cyberattacks, protecting against unwanted system exploitation, and preserving the confidentiality, accessibility, and integrity of data.
- December 2023: The US Cybersecurity and Infrastructure Security Agency (CISA) and the European Union Agency for Cybersecurity (ENISA) inked a Working Arrangement to enhance situational awareness, share best practices, and develop capacity. It's a comprehensive arrangement that builds on short-term structured cooperation in cybersecurity policy implementation through the creation of long-term cooperation in cybersecurity policy implementation techniques.
- December 2023: To enhance situational awareness, share best practices, and build capacity, the US Cybersecurity and Infrastructure Security Agency (CISA) and the European Union Agency for Cybersecurity (ENISA) signed a Working Arrangement. It is a comprehensive arrangement that builds on short-term structured cooperation in cybersecurity policy implementation through the establishment of long-term cooperation in cybersecurity policy implementation techniques.
Market Opportunities and Challenges
Opportunities: The rise in cyberattacks on a regional scale, accompanied by the increasing digitalization of the economy, is one of the main factors driving the adoption of data-intensive approaches and decisions. These attacks have the potential to harm the internet-linked digital infrastructure of various government or private sector enterprises, which would accelerate the market growth rate. The market is expanding as a result of the strict laws being enforced, such as the General Data Protection Regulation (GDPR) and the NIS Directive, which govern the security of networks and information systems. The region's market is expected to grow thanks to cooperation between the public and commercial sectors in the development of cybersecurity plans and the sharing of threat intelligence.
Challenges: The European cybersecurity market faces with some significant obstacles that hinder its expansion and efficiency. One of the main problems is that different EU member states have different regulatory environments, which results in disparities in cybersecurity norms and requirements. The absence of uniformity makes it more difficult for companies that operate in several jurisdictions to comply with regulations and hinders cooperation among cybersecurity players. Furthermore, since technology advances quickly, there is a dilemma because cyber threats are constantly evolving and becoming more sophisticated, necessitating ongoing innovation and investment in cybersecurity solutions.
Market Competitive Landscape
There are many international competitors in the European cybersecurity sector, which makes it quite competitive. Broadcom, Dell Technologies Inc., Fujitsu Limited (Fujitsu Group), IBM Corporation, Cisco Systems, Inc., and Fujitsu are a few of the leading companies in the sector. In order to increase their market share, the industry players are pursuing profitable routes such as new launches, acquisitions, and strategic alliances. In the European market, a number of multinational cybersecurity companies are likewise growing and fortifying their position.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Offering, By Deployment, By End User- |
| Regions covered | Germany, France, Italy, Spain, UK, Rest of Europe |
| Companies Covered | Broadcom, Check Point Software Technologies Ltd, Cisco Systems Inc. Dell Technologies Inc. F5 Inc. Fujitsu Limited (Fujitsu Group), Gen Digital Inc., IBM Corporation, Intel Corporation, McAfee LLC, Palo Alto Networks, Others. |
COVID-19 Impact on Europe Cybersecurity Market
The COVID-19 pandemic has had a major impact on the cloud market as evidenced by the graph, which shows how enterprises are adopting cloud-based services and solutions more frequently as a result of implementing remote work access during lockdowns in different nations. Cyberattacks and other dangers have significantly increased along with the expanding trends of cloud adoption and the continuous movement of on-premise to cloud solutions, driving the market growth rate. Investment in the market was also stimulated by the COVID-19 outbreak's expansion of end-user cloud use.
Key Target Audience:
- Industry Professionals
- IT Managers
- Chief Information Security Officers (CISOs)
- Cybersecurity Analysts
- Network Administrators
- Security Consultants
- Government Agencies
Our in-depth analysis of the Europe Cybersecurity Market includes the following segments:
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| By Deployment: |
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| By End User: |
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Key Topics Covered in the Report:
- Europe Cybersecurity Market Size (FY’2024-FY’2033)
- Overview of Europe Cybersecurity Market
- Segmentation of Europe Cybersecurity Market By Offering (Security Type, Services)
- Segmentation of Europe Cybersecurity Market By Deployment (Cloud, On-Premise)
- Segmentation of Europe Cybersecurity Market By End User (BFSI, Healthcare, Manufacturing, Government and Defence, IT and Telecommunication, Others)
- Expansion Analysis of Europe Cybersecurity Market
- Problems and Obstacles in Europe Cybersecurity Market
- Competitive Landscape in the Europe Cybersecurity Market
- Impact of COVID-19 and Demonetization on Europe Cybersecurity Market
- Details on Current Investment in Europe Cybersecurity Market
- Competitive Analysis of Europe Cybersecurity Market
- Prominent Players in the Europe Cybersecurity Market
- SWOT Analysis of Europe Cybersecurity Market
- Europe Cybersecurity Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Europe Cybersecurity Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Cybersecurity Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Cybersecurity Market
7. Europe Cybersecurity Market, By Offering (USD Million)
7.1. Europe Cybersecurity Market Value Share and Forecast, By Offering, 2024-20337.2. Security Type7.2.1. Cloud Security7.2.2. Data Security7.2.3. Identity Access Management7.2.4. Network Security7.2.5. Consumer Security7.2.6. Infrastructure Protection7.2.7. Others
7.3. Services
8. Europe Cybersecurity Market, By Deployment (USD Million)
8.1. Europe Cybersecurity Market Value Share and Forecast, By Deployment, 2024-20338.2. Cloud8.3. On-Premise
9. Europe Cybersecurity Market, By End User (USD Million)
9.1. Europe Cybersecurity Market Value Share and Forecast, By End User, 2024-20339.2. BFSI9.3. Healthcare9.4. Manufacturing9.5. Government and Defence9.6. IT and Telecommunication
9.7. Others
10. Europe Cybersecurity Market Forecast, 2020-2033 (USD Million)
10.1. Europe Cybersecurity Market Size and Market Share
11. Europe Cybersecurity Market, By Offering, 2020-2033 (USD Million)
11.1. Europe Cybersecurity Market Size and Market Share By Offering (2020-2026)11.2. Europe Cybersecurity Market Size and Market Share By Offering (2027-2033)
12. Europe Cybersecurity Market, By Deployment, 2020-2033 (USD Million)
12.1. Europe Cybersecurity Market Size and Market Share By Deployment (2020-2026)12.2. Europe Cybersecurity Market Size and Market Share By Deployment (2027-2033)
13. Europe Cybersecurity Market, By End User, 2020-2033 (USD Million)
13.1. Europe Cybersecurity Market Size and Market Share By End User (2020-2026)13.2. Europe Cybersecurity Market Size and Market Share By End User (2027-2033)
14. Europe Cybersecurity Market, By Region, 2020-2033 (USD Million)
14.1. Europe Cybersecurity Market Size and Market Share By Region (2020-2026)14.2. Europe Cybersecurity Market Size and Market Share By Region (2027-2033)14.3. Germany14.4. France14.5. Italy14.6. Spain14.7. UK14.8. Rest of Europe
15. Company Profile
15.1. Broadcom15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments15.2. Check Point Software Technologies Ltd15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments15.3. Cisco Systems Inc.15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments15.4. Dell Technologies Inc.15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments15.5. F5 Inc.15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments15.6. Fujitsu Limited (Fujitsu Group)15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments15.7. Gen Digital Inc.15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments15.8. IBM Corporation15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments15.9. Intel Corporation15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments15.10. McAfee LLC15.10.1. Company details15.10.2. Financial outlook15.10.3. Product summary15.10.4. Recent developments15.11. Palo Alto Networks15.11.1. Company details15.11.2. Financial outlook15.11.3. Product summary15.11.4. Recent developments15.12. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Europe Cybersecurity Market is projected to reach USD 144.84 Billion by 2033, growing at a CAGR of 11.07% during the forecast period.
Europe Cybersecurity Market size from 2022. The Market is expected to reach USD 144.84 Billion by 2033, at a CAGR of 11.07% during the forecast period.
Europe Cybersecurity Market CAGR of 11.07% during the forecast period.
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Europe Cybersecurity Market size is 144.84 Billion from 2024 to 2033.
Europe Cybersecurity Market Segment is covered By Offering, By Deployment, By End User-
The Europe is anticipated to have the highest market share in the Europe Cybersecurity Market.
The key players in the market include Companies Covered Broadcom, Check Point Software Technologies Ltd, Cisco Systems Inc. Dell Technologies Inc. F5 Inc. Fujitsu Limited (Fujitsu Group), Gen Digital Inc., IBM Corporation, Intel Corporation, McAfee LLC, Palo Alto Networks, Others.
The absence of uniformity makes it more difficult for companies that operate in several jurisdictions to comply with regulations and hinders cooperation among cybersecurity players.
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