Europe Cybersecurity Market Trends & Expected Growth Inclinations during the 2018-2023


Published on : Jul 19, 2018

Albany, New York, July 19, 2018: As per current market trends across the Europe cybersecurity sector, it has been noticed that increased internet penetration as well as cyberattacks have motivated the sector to advance and offer enhanced solutions to prevent any major threats. To study the Europe market linked to cybersecurity, a new report has been included to the wide database of Market Research Hub (MRH). This assessment is titled “Europe Cybersecurity Market (2018-2023)”, which discourses all the major projections expected to impact the target market in the near future. According to research findings, Europe cybersecurity market is likely to grow at a CAGR of 11.3 % during the forecast period, while acquiring a revenue share close to USD 47.17 Bn.

As per research specifics, the European Union's General Data Protection Regulation is framed to ensure privacy which includes governing over the management, encrypting personal data as well as use and protection of data. However, some of the prime hindrances to the Europe cybersecurity market are lack of understanding, information, and time, which prevent organizations from implementing cybersecurity with full force. The research report starts with the executive summary that talks about the market scope and segmentation. This is followed by the market overview portion that includes key observations, global historical (2016-2017) as well as forecasted (2018-2023) market size (USD bn). Readers can even access information about market drivers and market trends that are expected to shape the Europe cybersecurity market in the coming years.

Considering different geographical regions, Europe managed to grab the second largest market share across the global cyber security market in 2016; it generated close to 28.2% of the global revenue. This development is aided by the efforts of the European Commission, which has taken up various initiatives in the cyber security sector with an aim to make the European Union a solid player to combat cyberattacks, and enhance the region's cybersecurity abilities and cooperation. Within Europe, the prime nations such as the U.K. and Germany are known to dominate the UTM market, followed by Italy. The final section of the report drops light on the major players from the market, namely, BAE System, Fortinet, Cisco System, Raytheon, Symantec and Northrop Grumman. Each of these players are studied in terms of their product/services, global presence and growth strategy. Overall, the research report is a knowledgeable data source for market experts and investors, who wish to draw conclusions and frame future plans.

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