The report “Europe Cyber Security Market in 2020”, the Europe Cyber Security market size is estimated to grow from USD 26.85 billion in 2015 to USD 37.38 billion by 2020, at an estimated CAGR of 6.8% from 2015 to 2020.
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Cyber security is a point of global concern. The threat landscape is continuously evolving across the globe, which forces every region to spend significant share on cyber security solutions combating these threats to protect critical data and information from cyber-attacks. Strict cyber legislations and government’s concern over the increasing cybercrimes are giving rise to multi-collateral relationships among various nations to come up with cyber prevention norms.
Browse through the TOC of the Europe Cyber Security Market for an analysis of industry trends and segments, with the help of various facts and figures.
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Increase in severity of cyber-attacks drive the demand of Cyber security market
There are many forms of cyber attacks, from malware injection and phishing to social engineering, DDoS attack, and brute-force attacks. These threats are becoming more damaging, resulting into huge financial and data loss. In 2014, eBay was attacked by hackers who stole the company’s credentials and managed to gain access to sensitive data. Due to this, eBay employees had to compromise with log-ins, allowing access to contact and log-in information of 233 eBay customers, resulting in request to change passwords of all the customers. A similar cyber attack was the hacking of 4.93 million Gmail account users in September 2014 resulting in the display of usernames and passwords on a Russian website. The severity of these attacks can be seen in all the industry verticals across the world. According to a McAfee survey, the recovery cost after the cybercrime is more than the damage cost incurred during the cyber attack. The threats and attacks are well targeted to steal sensitive intellectual property and financial information. To better detect these threats, a highly automated and scalable approach to cyber security solutions is the need of the hour.
Managed Security Services is playing a key role in the Cyber Security market
The report defines and segments the Europe Cyber Security market on the basis of solution, service, vertical, and country along with providing an in-depth analysis and market size estimations. The managed security service is expected to contribute the largest market share where as, design and integration service will play a key role in changing the cyber security landscape during the forecast period.
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Aerospace, Defense & Intelligence vertical contributes maximum market share
The aerospace,defense and intelligence vertical is expected to contribute largest market share in cyber security market. Verticals such as BFSI, Government & Public utilities, and Telecommunication & IT will be key growing verticals during the forecast period. The report also covers the total cyber security marekt by geographic regions. United Kingdom is expected to have the largest market share, however France will grow with the highest CAGR from 2015 to 2020. The major vendors in the cyber security market include Intel, Symantec, IBM, Booz-Allen Hamilton and Trend Micro among others.
Snapshot of TOC with Geographies Mentioned
9. CYBER SECURITY Market, By Geography
9.2 U.K. CYBER SECURITY
9.3 Germany CYBER SECURITY
9.4 France CYBER SECURITY
9.5 Italy CYBER SECURITY
Scope of the Report:
This covers detailed information regarding the major factors influencing the growth of the cyber security market such as drivers, restraints, challenges and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, collaborations and recent developments associated with the Europe Cyber Security market.
Brief information on Research Methodology for the report can be found in the report description provided on the website.
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