Europe Cyber Security Industry Outlook to 2023: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit 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)” provides a comprehensive analysis of cyber security services and solutions in Europe. The report focuses on overall market size for cyber security services and solutions in Europe, market segmentation by Type of Solution (Firewall, Intrusion detection system, Antivirus, Identity and Access Management, Encryption, Data Loss Prevention, UTM, 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) and By Imported and Domestic Services and Products.. The report also covers the overall comparative landscape, major cyber attacks, snapshot of cyber security market in EU 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 and analyst recommendations highlighting the major opportunities and cautions for the Europe cyber security industry. Market overview and size The cyber security market of Europe is presently in its growth stage. The market displays a strong competitive scenario where international players which hold majority of the stake are constantly trying to increase their existing market share in the industry. The entry of Domestic players and Start-ups in previous 5 years has lead to a shift in the import oriented market to rely heavily on the In-House products and services. The market is also very receptive to newness, innovations and next generation solutions. Increased use of mobile phones and internet are the major growth drivers of this market. Network security is the most widely used technology in the market and holds a major share of market. Rising awareness amongst European Union and Government of different countries in EU along with SME’s and mid-caps has helped the industry to gain momentum. Majority of companies in Europe are SME’s which are going through digital transformation supported by funds from the EU. The cyber security market is growing parallel to digitization of companies in entire Europe. Market Segmentation Type of Security (Firewall, Intrusion Detection System, Antivirus, Antimalware, Identity and Access Management, Encryption, Data Loss Prevention, Unified Threat Management, Disaster Recovery) The tremendous rise in internet user base to 460 million in 2018, which amounts to almost 90% of the total population in Europe, has gradually broadened the scope for cyber attacks and therefore investments in firewall have amplified in the recent years. Government regulation and compliance has been a key driver in organizations deploying IAM solutions in Europe. Encryption accounted for a small share in the market in 2018. Type of End User (Banking & Finance, Government, IT & Telecom, Energy & Power, Healthcare, Retail, Private Use and Others) The next major segment of the cyber security market is on the basis of end user. Banking and finance sector are the major users of cyber security in this segment, as the information stored with the banking and finance sector is highly sensitive and needs to be kept secure with contemporary solutions. Healthcare, IT and Telecom and the Energy sector have been looking for more sophisticated solutions in the market due to shared network systems across Europe. As IoT continues to grow across Europe, the government has also started to focus on cyber security. Type of Security (Network Security, Application Security, End-Point Security, Mobile Security, Content Security and Cloud Security) In 2018, Endpoint security clocked the highest market share in the wake of rising impetus on compliance and growing popularity of mobile security and cloud computing. It was followed by spending on Network security which amounted to second largest share. The rising government regulations is anticipated to raise the security spend on cyber security in the coming years. Application security is one of the key security trends in the European market. Wireless and cloud security are the two most growing areas presently. The market for cloud security though, will see a rapid expansion as organizations start realizing the cost effectiveness of cloud computing and start adopting it. Competition Landscape The market has its share of challenges that will cause impediments in its otherwise steady climb. There is scarcity of cyber security professionals in the country. The companies which are trying to mark their presence in the European cyber security market will face a severe shortage of talent and the Services provided by the organizations may suffer as there is a serious lack of experienced professionals in this industry. The competition of cyber security market in Europe is fragmented due to large number of players in the market. People have the option to choose from the large number of players in the market. The wide choice provides a lot of competition in the market and fosters growth and development. Symantec, Kasper Sky and IBM are the major players in the sector. Symantec’s major revenue comes from provision of endpoint security and data security solutions. Kasper Sky is also a leading provider of enterprise endpoint security. IBM leads the Identity and Access Management (IAM) market and also provides solutions pertaining to cloud security. IBM possessed the maximum market share in 2018 followed by Symantec and Trend Micro, Cisco, Trend Micro and Check Point were the other major players operating in the market. All the players in the market compete on the basis of services provided by them, after sales service, price of the security provided and also the combinations of services provided. However, there are a few exceptions coming out of countries like Israel. SentinelOne & Cybereason are examples of companies which are coming up with some good productized technologies for end point security (EPP or EDR); and are having an impact on the US as well as the global market. Five years ago the focus was primarily on Network security, while currently the focus of the industry is majorly on end point protection technology. Earlier products of companies like FireEye, Cylance, Carbon Black and Crowd Strike used to dominate the market however now companies like Cybereason and SentinelOne are popular in the market. Future Outlook The future of European Cyber Security market looks promising as certain major factors like Increase in Mobile as well as Internet usage and new development in end users and the various laws and directives which are introduced provides good growth opportunities. The Cyber security market is expected to grow at a single digit 5 year CAGR of around 9% till 2023 backed by a significant development in the cyber threat landscape due to emerging threats and higher rewards for the attackers. Europe is prone to cyber attacks and the government now aims to protect the citizens’ data. It has passed various laws and legislations to improve the cyber security and reduce the cyber threats like GDPR Regulations and the NIS Directive which aims at standardizing the market and providing cyber security to everyone. There is also a “Buy Europe” mentality which is driving growth in some of the upcoming startups from countries like Poland, Netherlands & Sweden. Some startups are also copying the products developed in US or other countries and are putting them into a local business framework. The average cost of a breach was founded out to be EUR 2.68 million (USD 3.6 million) and it was found that having an incident response team , either in-house, via a third party or a combination of both can shave off $19.30 per record if a breach happens. This will again lead to more robust software and breach protection solutions. It is majorly concerned with the ability to move data across borders and as bilateral relations become better, protection from malware and malicious attacks would be a major concern. 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 Trend Micro Oracle Wanders Sophos Sentry Bay Fire Eye Key Topics Covered in the Report 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: Europe Cyber Security Industry Research Report Related reports 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). Global Cyber Security Software Industry Market Research Report Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications sales@kenresearch.com +91-9015378249 Tags: AVG Technologies Security Europe, BAE Systems Security Solutions Europe, Business Model Analysis of Europe Cyber Security Market, Check Point Security Solutions Europe, Cisco Security Solutions Europe, CMC Corporation Security Solutions, Competition Cyber Security Europe, Cyber Security Industry Europe, Cyber Security Industry In Europe, Cyber Security Market Europe, Cyber Security Market In Europe, CyRadar Security Solutions Europe, Darktrace Security Solutions Europe, Europe Antivirus Market Size, Europe Application Security Market, Europe Cloud Security Market, Europe Content Security Market, Europe Cyber Crimes, Europe Cyber Security Industry, Europe Cyber Security Industry Research Report, Europe Cyber Security Market, Europe Cyber Security Market Analysis, Europe Cyber Security Market Application, Europe Cyber Security Market Forecast, Europe Cyber Security Market Future Outlook, Europe Cyber Security Market Growth, Europe Cyber Security Market Key Players, Europe Cyber Security Market Research Report, Europe Cyber Security Market Revenue, Europe Cyber Security Market Scope, Europe Cyber Security Market Segmentation, Europe Cyber Security Market share, Europe Cyber Security Market Size, Europe Cyber Security Market Size 2018, Europe Cyber Security Market Value, Europe Cyber Threats, Europe Cyberspace Security technology Europe, Europe Data Loss Prevention Market, Europe Disaster Recovery Market, Europe Encryption Market, Europe Endpoint Security Market, Europe Firewall Market, Europe Home Users Security Market, Europe Identity and Access Management Market, Europe Internet Security Market, Europe Intrusion detection system Market, Europe IOT Devices Market Size, Europe Mobile Security Market, Europe Network Security Market, Europe Security Network Solutions, Europe Security Solutions Market, Europe Unified threat management Market, FireEye Security Solutions Europe, Fortinet Security Solutions, Hewlett Packard Security Solutions Europe, IBM Corporation Security Solutions Europe, Intrusion Prevention System Market Europe, Juniper Networks Security Solutions Europe, Kaspersky Security Solutions Europe, Major Cyber Attacks in Europe, Oracle Security Solutions Europe, SentryBay Security Solutions Europe, Sophos Security Solutions Europe, Symantec Corporation Security Solutions Europe, Trend Micro Security Solutions Europe, Trustwave Security Solutions Europe, Veracode Security Solutions Europe, Wandera Security Solutions Europe, Wireless Security Market Global