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Europe Cybersecurity Market: New Opportunities, Top Trends, Rising Demand, Emerging Growth, Business Development and Regional Analysis

The MarketWatch News Department was not involved in the creation of this content.

Sep 13, 2020 (AmericaNewsHour) —
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 aEUR�?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

The Europe Cybersecurity Market  report answers the following questions:

What is the aim of the report?

  • The Europe Cybersecurity Market  report presents the estimated Europe Cybersecurity Market  size of Europe Cybersecurity Market  by the end of forecast period. Additionally, the historical and current Europe Cybersecurity Market  size is also examined in the report.

  • Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.

  • An overview of the Europe Cybersecurity Market  based on geographical scope, Europe Cybersecurity Market  segmentation and financial performance of key players is presented in the report.

  • The report presents current trends in the industry and future scope of the Europe Cybersecurity Market  in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.

  • The various parameters accelerating the growth of the Europe Cybersecurity Market  are incorporated in the research report.

  • The report analyzes growth rate, Europe Cybersecurity Market  size and valuation of the Europe Cybersecurity Market  during the forecast period.

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What aspects regarding the regional analysis of Europe Cybersecurity Market  are included in this report?

  • Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

  • The report consists of detailed region-wise analysis of current and future Europe Cybersecurity Market  trends, providing information on product usage and consumption.

  • The growth rate of the Europe Cybersecurity Market  in every region, including their countries over the forecast period is included in the Europe Cybersecurity Market  report.

What’s covered in the report?

Overview of the Europe cybersecurity market
The current and forecasted market size data for the Europe cybersecurity market

The current and forecasted market size data for the segments of the market, by end user industries -financial services, telecommunication, healthcare, public sector, and others
The current and forecasted market size data for the segments of the market, by solution- identity and access management, encryption, governance regulation and compliance, unified threat management, and security information and event management
Market trends in the Europe cybersecurity market
Market drivers and challenges in Europe cybersecurity market
Current and forecasted countries – EU5 and the Rest of EU5 market size data for the Europe cybersecurity market
Analysis of company profiles of the major players operating in the market

Why buy?

Get a broad understanding of the Europe cybersecurity market and its segments- by region, by solution, and by end user industries
Get region-specific drivers and challenges affecting the Europe cybersecurity market
Recognize significant competitors’ business and market dynamics, and respond accordingly

Customizations Available
With the given market data, Netscribes offers customizations according to specific needs. Write to us at info@netscribes.com.

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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The post Europe Cybersecurity Market: New Opportunities, Top Trends, Rising Demand, Emerging Growth, Business Development and Regional Analysis appeared first on America News Hour.

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