Europe Cybersecurity Market Business Opportunity, Demand, Industry Overview and Forecast Till 2023
With increased internet penetration, cyberattacks are becoming more powerful, allowing hacker's greater access to new technology. One such example is the production a malware called ‘Flame'. Europe cybersecurity market is anticipated to grow at an overall compound annual growth rate (CAGR) of 11.3 % and will be worth of USD 47.17 Bn by 2023.
Across the different geographical regions, Europe held the second largest market share in the global cyber security market in 2016, generating 28.2% of the global revenue. One of the reasons is that the European Commission has taken up various initiatives in the field of cyber security in order to make the European Union a strong player in combatting cyberattacks, to increase the region's cybersecurity capabilities and cooperation.
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By countries, the Europe cybersecurity market is divided into EU5 and the Rest of EU5. EU5 is expected to hold more than half of the market. This is mainly backed by countries likes United Kingdom, Germany, and France that are making significant cybersecurity investments. It is also reported that cyberattacks in EU5 countries have expanded by five times from 2013 to 2017. To overcome the situation, countries need more robust and effective cyber solutions, and need to create effective regulations regarding cyberattacks.
By solution, Europe cybersecurity solution is classified into identity and access management, encryption, governance regulation and compliance, unified threat management, and security information and event management. Countries in EU5 like the U.K. and Germany dominate the UTM market in Europe, followed by Italy, which witnessed the highest growth rate. This is because organizations find deploying UTM easier and more effective.
Key growth factors:
- The prime factor that is driving the European cyber security market are government regulations, increase in cyberattacks, and the popularity of Bring Your Own Device (BYOD)
- The European Union's General Data Protection Regulation are designed to ensure privacy that includes encrypting personal data, governing over the management and use and protection of data.
Threats and key players:
- The lack of information, understanding, and time are the key factors that hinder organizations from adopting cybersecurity
- The key players in this market area BAE System, Cisco System, Fortinet, Northrop Grumman, Raytheon, and Symantec.
Chapter 1: Executive summary
1.1. Market scope and segmentation
1.2. Key questions answered in this study
1.3. Executive summary
Chapter 2: Europe cybersecurity market
2.1. Market overview- Key observations, global historical (2016-2017) and forecasted (2018-2023) market size (USD bn)
2.2. Market drivers
2.3. Market trends
Chapter 3: Europe cybersecurity market - by industries (financial services, telecommunication, healthcare, public sector, and others)
3.1. Market size
3.2. Market overview- drivers, trend, and challenges
Chapter 4: Europe cybersecurity market - by solution
4.1. Identity and Access management- Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.2. Encryption- Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), key opportunities
4.3. Governance Regulation and Compliance- Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), key observation
4.4. Unified Threat Management- Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), key observation
4.5. Security information and event management- Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), key observation
Chapter 5: Europe cybersecurity market- by countries
5.1. EU5 cybersecurity market- Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends and challenges
5.1. Rest of Europe cybersecurity market- Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends and challenges
Chapter 6: Company profiles
6.1. BAE System
- Company snapshot
- Product/services
- Global presence
- Other major initiatives/highlights
- Key numbers
- Growth strategy
6.2. Cisco System
6.3. Symantec Corporation
6.4. Fortinet
6.5. Northrop Grumman
6.6. Raytheon
Chapter 7: Conclusion
7.1. Conclusion
Appendix
1. List of Tables
2. Research Methodology
3. Assumptions
4. About Netscribes Inc.
Continue….
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Across the different geographical regions, Europe held the second largest market share in the global cyber security market in 2016, generating 28.2% of the global revenue. One of the reasons is that the European Commission has taken up various initiatives in the field of cyber security in order to make the European Union a strong player in combatting cyberattacks, to increase the region's cybersecurity capabilities and cooperation.
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By countries, the Europe cybersecurity market is divided into EU5 and the Rest of EU5. EU5 is expected to hold more than half of the market. This is mainly backed by countries likes United Kingdom, Germany, and France that are making significant cybersecurity investments. It is also reported that cyberattacks in EU5 countries have expanded by five times from 2013 to 2017. To overcome the situation, countries need more robust and effective cyber solutions, and need to create effective regulations regarding cyberattacks.
By solution, Europe cybersecurity solution is classified into identity and access management, encryption, governance regulation and compliance, unified threat management, and security information and event management. Countries in EU5 like the U.K. and Germany dominate the UTM market in Europe, followed by Italy, which witnessed the highest growth rate. This is because organizations find deploying UTM easier and more effective.
Key growth factors:
- The prime factor that is driving the European cyber security market are government regulations, increase in cyberattacks, and the popularity of Bring Your Own Device (BYOD)
- The European Union's General Data Protection Regulation are designed to ensure privacy that includes encrypting personal data, governing over the management and use and protection of data.
Threats and key players:
- The lack of information, understanding, and time are the key factors that hinder organizations from adopting cybersecurity
- The key players in this market area BAE System, Cisco System, Fortinet, Northrop Grumman, Raytheon, and Symantec.
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Europe Cybersecurity Market
Table of Contents:Europe Cybersecurity Market
Chapter 1: Executive summary
1.1. Market scope and segmentation
1.2. Key questions answered in this study
1.3. Executive summary
Chapter 2: Europe cybersecurity market
2.1. Market overview- Key observations, global historical (2016-2017) and forecasted (2018-2023) market size (USD bn)
2.2. Market drivers
2.3. Market trends
Chapter 3: Europe cybersecurity market - by industries (financial services, telecommunication, healthcare, public sector, and others)
3.1. Market size
3.2. Market overview- drivers, trend, and challenges
Chapter 4: Europe cybersecurity market - by solution
4.1. Identity and Access management- Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.2. Encryption- Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), key opportunities
4.3. Governance Regulation and Compliance- Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), key observation
4.4. Unified Threat Management- Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), key observation
4.5. Security information and event management- Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), key observation
Chapter 5: Europe cybersecurity market- by countries
5.1. EU5 cybersecurity market- Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends and challenges
5.1. Rest of Europe cybersecurity market- Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends and challenges
Chapter 6: Company profiles
6.1. BAE System
- Company snapshot
- Product/services
- Global presence
- Other major initiatives/highlights
- Key numbers
- Growth strategy
6.2. Cisco System
6.3. Symantec Corporation
6.4. Fortinet
6.5. Northrop Grumman
6.6. Raytheon
Chapter 7: Conclusion
7.1. Conclusion
Appendix
1. List of Tables
2. Research Methodology
3. Assumptions
4. About Netscribes Inc.
Continue….
Check for Discount @ https://www.kdmarketinsights.com/discount/3275
About Us:
KD Market Insights is one of the leading providers of market intelligence products and services. We offer reports on over 10+ industries and update our collection daily which helps our clients to access database of expert market insights on global industries, companies, products, and trends. Our in-house research experts have a wealth of knowledge in their respective domains. With KD Market Research, you always have the choice of getting customized report free of cost (up to 10%). Our support team will help you customize the report and scope as per your business needs. This ensures that you are making the right purchase decision.
Our clients list includes various Fortune 500 companies and leading advisory firms.
Contact Us:
KD Market Insights
90 State Street, Albany,
New York, USA 12207
+1 (518) 300-1215
Email: info@kdmarketinsights.com
Website: www.kdmarketinsights.com
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