The report titled “Europe Cyber Security Industry Outlook to 2023 – By Solutions (Firewall, Intrusion detection system, Antivirus, Identity and Access Management, Encryption, Data Loss Prevention, UTM, Disaster Recovery and Others (IoT Devices), By Industry Verticals (Banking & Finance, Government, IT & Telecom, Retail, Healthcare, Energy & Power, Private User and Others), By Security Deployed (Network Security, Application Security, End-Point Security, Mobile Security, Content Security and Cloud Security)” by Ken Research recommends that the companies operating in cyber security market in Europe can expand their market share and increase revenue generated by adopting technological advancements, increase in the investments in cyber security market, enhancing the physical infrastructure in the sector, developing cyber security manpower base and encouraging home grown talents. The market is expected to register a positive CAGR of 8.9% in terms of revenue during the forecast period 2018P-2023E.
“The constantly improving internet infrastructure in telecom industry and establishment of nationwide Standardisation schemes has positively impacted the Cyber Security Industry of Europe.”
Increasing Internet Penetration: Over the years, Europe has witnessed an increase in the internet users along with the increase in the Social media users who are always at the risk of cyber threat in Europe. According to the industry articles, the Internet users in Europe were witnessed to be around 674 Million with active social media users to be around 448 Million, mobile social media users to be around 376 Million and the mobile subscription of Europe was witnessed around 1,106 Million in 2018. Along with the increase in Internet users in Europe, the online payment transactions have also increased increasing the threat to the user’s data and systems. This will further augment the growth of cyber security market in Europe.
Emergence of Domestic Companies: Over the years, Europe has been observed to grow in terms of the number of cyber crime and is on the edge of becoming one of the biggest hub of Cyber Security Industry, opening opportunities for cyber security companies looking to tap this market. Some of the major cyber crimes that the country witness during 2018 were Phising, malware, Ransom ware and others. Almost 60% of network system of agencies and enterprises were infected with Phising and Malware during the year 2018. Domestic Cyber security companies are grabbing this opportunity by providing low cost security solutions. Majority of the domestic companies in Europe are only 10-12 years old. More number of domestic companies are expected to enter the market. In addition to this, companies in the cyber security sector are expected to further push Europe into new areas of security solutions and services such as cloud security and Artificial Intelligence (AI) giving an optimistic outlook towards the market.
Keywords
Europe Cyber Security Industry
Europe Cyber Security Market
Europe Internet Security Market
Europe Security Solutions Market
Europe Cyber Threats
Europe Cyber Crimes
Europe Firewall Market
Europe Unified threat management Market
Europe Intrusion detection system Market
Intrusion Prevention System Market Europe
Europe Identity and Access Management Market
Europe Encryption Market
Europe Data Loss Prevention Market
Europe Disaster Recovery Market
Europe IOT Devices Market
Europe Antivirus Market
Europe Internet Security Market
Europe Home Users Security Market
Europe Network Security Market
Europe Application Security Market
Europe End-Point Security Market
Europe Mobile Security Market
Wireless Security Market Global
Europe Content Security Market
Europe Cloud Security Market
Competition Cyber Security Europe
Juniper Network Security Solutions Europe
Cisco Security Solutions Europe
Check Point Security Solutions Europe
Symantec Corporation Security Solutions Europe
Hewlett Packard Security Solutions Europe
Kaspersky Security Solutions Europe
Fortinet Security Solutions
CMC Corporation Security Solutions
Europe Security Network Solutions Europe
Europe Cyberspace Security technology Europe
BAE Systems Security Solutions Europe
CyRadar Security Solutions Europe
IBM Corporation Security Solutions Europe
Trend Micro Security Solutions Europe
Oracle Security Solutions Europe
Wandera Security Solutions Europe
Sophos Security Solutions Europe
SentryBay Security Solutions Europe
AVG Technologies Security Europe
FireEye Security Solutions Europe
Trustwave Security Solutions Europe
Veracode Security Solutions Europe
Darktrace Security Solutions Europe
Key Segments Covered
Cyber Security Market
By Imported & Domestic Security Solutions
By Solutions
Firewall
Intrusion Detection System (IDS/IPS)
Antivirus/Antimalware
Identity and Access Management (IAM)
Encryption
Unified Threat Management (UTM)
Data Loss Prevention (DLP)
Disaster Recovery
IoT devices
By Industry Verticals
Banking & Finance
Government
IT & Telecom
Retail
Healthcare
Energy & Power
Private Use
Others
By Security Deployed
Network Security
Application Security
End- Point Security
Mobile & Wireless Security
Content Security
Cloud Security
Key Target Audience
Banks and Financial Institutions
Government Organizations
Retail Companies
Hospitals and Clinics
Airports
Cloud Computing Services Companies
IT- Companies
Home Users
Time Period Captured in the Report:
Historical Period - 2013-2018
Forecast Period – 2018-2023
Major Companies Covered:
Darktrace
Cisco
Check Point Software Technologies Ltd
Symantec Corporation
Trend Micro
Avast
Kaspersky
Fortinet
CMC Corporation
Other Players
BAE Systems
CyRadar
IBM Corporation
Oracle
Wanders
Sophos
Sentry Bay
Fire Eye
Key Topics Covered in the Report
Executive Summary
Research Methodology
Major Cyber Attacks in Europe
Snapshot of Cyber Security Market in European Countries
Trends and Growth Drivers in Europe Cyber Security Market
Europe Cyber Security Market
Introduction to Europe Cyber Security Market
Business Model Analysis of Europe Cyber Security Market
Europe Cyber Security Market Size, 2013-2018
Europe Cyber Security Market Segmentation, 2013-2018
Competition Landscape in the Europe Cyber Security Market
Europe Cyber Security Market Future Outlook and Projections, 2018-2023E
Issues and Challenges in Europe Cyber Security Market
Decision Making Parameters in Hiring a Cyber Security Company in Europe
Pain Points faced by the end users after purchasing a security Solution in Europe
Technologies used in the Cyber Security Market
SWOT Analysis of Europe Cyber Security Market
Government Regulations in the Europe Cyber Security Market
Company Profiles of Major Players in Europe Cyber Security Market
Analyst Recommendations
For more information on the research report, refer to below link:
https://www.kenresearch.com/defense-and-security/security-devices/europe-cyber-security-industry-outlook/241259-16.html
Related Reports
https://www.kenresearch.com/defense-and-security/security-devices/middle-east-cyber-security-market/160752-16.html
https://www.kenresearch.com/defense-and-security/security-devices/middle-east-electronic-security-market/168983-16.html
https://www.kenresearch.com/defense-and-security/security-devices/vietnam-cyber-security-industry-outlook/235970-16.html
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
[email protected]
+91-9015378249