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Europe Cyber Security Market is Expected to Reach Around USD 40 Billion in Terms of Revenue by the Year Ending 2023: Ken Research

GURUGRAM, India, Sept. 10, 2019 /PRNewswire/ --

  • Cyberattack trends from the second half of 2018 to reveal that Banking Trojans represented 25% of all attacks aimed at enterprises during Q2 and Q3 of 2018.
  • According to the Industry articles, Cybercrime could cost companies USD 5.2trillion over the next five years unless significant improvements to internet security are implemented.
  • The ICT Industry is further expected to become a key developing industry as 30% of enterprises with 1,000+ employees are currently using AI-powered security solutions with this number expected to grow to more than 60% by 2020
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Healthcare, Retail and ICT Industry gaining Traction in Europe: Europe is witnessing growth in its Healthcare, Retail and ICT Sector due to the overall development in the Europe's Economy. The Europe's ICT sector is the driving force for growth and transformation in the European economy as Europe has emerged as a production center for both IT hardware and services such as software development outsourcing.

Incline Towards Digitization in the Small and Medium Enterprises (SMEs) Sector: The SMEs in Europe are digitalizing rapidly and exploiting the power of technology to increase its revenue and cater to a larger number of customers within and beyond their geographical boundaries. Owning an appropriate IT infrastructure plays a very important role in the growth of SMEs in Europe. The growing number of SMEs in Europe is moving towards adopting security solutions that will positively impact the cyber security market in Europe in the near future.

Technological Advancement: Threat from cybercriminals is becoming increasingly sophisticated, so security needs to be able to adapt in order to keep up. There have been a number of recent technological developments which will directly require the security solutions for a safer cyber environment. The adoption of the technologies such as IoT security, cloud technology, block chain, artificial intelligence and others has been growing in Europe resulting in the growth of the cyber security market. The adoption of these technologies would increase the cyber crimes in the country which in result would witness a higher demand for the security solutions for protecting these technologies form the cyber crimes.

Analysts at Ken Research in their latest publication "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)" believe that the cyber security industry in the Europe has been growing and will expand further due to increasing cyber crimes, rising cyber privacy awareness firms, growth in the sectors such as Retail, ICT, and others, increasing internet penetration in the country, increase in the demand for data security by the Small and Medium Enterprise (SMEs) and development in the economy. The market is expected to register a positive CAGR of 8.9% for cyber security market in terms of revenue during the forecast period 2018-2023.

Key Segments Covered

  • Cyber Security Market
  • Key Target Audience

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

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
  • Issues and Challenges in Europe Cyber Security Market
  • Decision Making Parameters in Hiring a Cyber Security Company 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 market research report, please refer to the below link:

https://www.kenresearch.com/defense-and-security/security-devices/europe-cyber-security-industry-outlook/241259-16.html

Other Related Reports:

Middle East Cyber Security Market Outlook to 2022 - By Solutions (Firewall, Intrusion Detection System, Antivirus, Identity and Access Management, Encryption, Data Loss Prevention, Unidentified Threat Management, Disaster Recovery) and By Region

The report provides a comprehensive analysis on the Middle East cyber security market including cyber security market size, Market segmentation by region (North, Central, West, East and South), by Type of solution (firewall, intrusion detection system, antivirus, identity and access management, encryption, data loss prevention, unidentified threat management, disaster recovery), Growth Drivers, Restraints, Key Regulations Future Outlook and Analyst recommendation.

This report will help the readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report is useful for system integrators, developers, distributors, resellers, end users such as government and potential entrants and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.

Vietnam Cyber Security Industry Outlook To 2023 - By Solutions (Firewall & UTM, Intrusion Detection System, Antivirus And Others), By End Users (Banking & Finance, Government, IT & Telecom, Retail And Others), By Import And Domestic Security Solutions, By Security (Network Security, Application Security, End-Point Security, Mobile & Wireless Security, Content Security And Cloud Security).

The report provides a comprehensive analysis of cyber security services and solutions in Vietnam. The report focuses on overall market size for cyber security services and solutions in Vietnam; Vietnam cyber security market segmentation by Type of Solutions (Firewall & UTM, Intrusion Detection System, Antivirus, Identity and Access Management, Encryption, Data Loss Prevention, Disaster Recovery and IoT Devices), By Type of Security (Network Security, Application Security, End-Point Security, Mobile & Wireless Security, Content Security and Cloud Security), By End Users (Banking & Finance, Government, IT & Telecom, Retail, Healthcare, Energy & Power, Private User and Others). The report also covers the overall comparative landscape, Major cyber attacks in Vietnam, Snapshot of cyber security market in ASEAN countries, trends and growth drivers, issues and challenge, decision making parameters, technologies used in the cyber security market, SWOT analysis and Government regulations in the market. The report concludes with future projections for all the segments described above and analyst recommendations highlighting the major opportunities and cautions for the Vietnam cyber security industry.

Brazil Cyber Security Market Outlook to 2021 - Rising Smart Phone Penetration and Online Banking Transactions to Augment Demand for Security

The report provides a comprehensive analysis on the cyber security market in Brazil. The report covers various aspects such as overall size of Brazil cyber security market size in terms of revenues, Global cyber security market size, Brazil antivirus & antimalware market size, Market segmentation of Brazil cyber security market on the basis of types of security, solutions, regions, end users, major industries, services and others, Brazil antivirus & antimalware market segmentation, trends and growth drivers of the industry, issue & challenges, market share, and future analysis of the industry. The report also covers the competitive landscape of the industry, heat map analysis, list of system integrators and consultants operating in the market.

The report also includes future outlook and projection of Brazil cyber security market, Brazil antivirus & antimalware market. Major macroeconomic indicators and upcoming projects affecting the market have also been highlighted in the report. The report also serves as a benchmark for every new player which is seeking to enter into cyber security market in Brazil.

This report helps readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report is useful for cyber security companies, antivirus & antimalware companies and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.

India Cyber Security Market Outlook to 2020 - Rising Online Transactions & Government's Inclination Towards Heavy Digitization of Data to Fuel Growth

The report provides a comprehensive analysis of the Cyber Security market in India. The report focuses on the Enterprises as well as residential segment. The report covers aspects such as overall cyber security market, antivirus and antimalware market, segmentation of cyber security market by different security types, by solutions, by services, by major verticals, by major cities, by end users, by deployment models, by demand, by supply and by new and renewal orders. The report also covers role of consultants and system integrators along with Government's role in India cyber security market. The publication extensively covers competitive landscape of major cyber security vendors with their detailed company profile. The decision making process before hiring a cyber security vendor and the tender process has been separately covered along with comprehensive value chain analysis with margins. The publication also covers two separate snapshots on India Antivirus and Antimalware market and India Data Loss Protection market that has extensive segmentations. The future analysis of overall cyber security market and key opportunities in future has also been discussed. Furthermore, the report also provides coverage on most common methods of cyber attacks and procedures to handle them. The report is useful for emerging and existing cyber security vendors, system integrators, cyber security consultancy firms and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future. 

Contact Us:

Ankur Gupta, Head Marketing
Ken Research Private Limited
Ankur@kenresearch.com
+91-9015378249

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