Europe Cybersecurity Market Analysis, Forecast, Trends, and Competitive Landscape Report 2024-2028

Europe Cybersecurity Market Overview 2024-2028

The Europe cybersecurity market is expected to grow significantly from 2024 to 2028. The market's expansion is driven by the increasing number of cyber threats, stringent data protection regulations, and the growing adoption of cloud services. The market is projected to grow within a range of USD 37.5-39.5 billion, at a CAGR (Compound Annual Growth Rate) range of 9.5-11.5% during the forecast period. The market landscape is characterized by a growing number of players and increasing competition, with key players focusing on innovation and strategic collaborations to gain a competitive edge.

*Exact values can be accessed upon purchasing the report

Market Segmentation

The Europe cybersecurity market can be segmented according to service type. Service types include network security, endpoint security, and managed security services. Network security is subdivided into firewalls and intrustion detection systems.

Market Dynamics

The Europe cybersecurity market faces challenges such as the high cost of cybersecurity solutions and the shortage of skilled cybersecurity professionals. However, trends such as the increasing adoption of artificial intelligence (AI) and machine learning (ML) in cybersecurity solutions are expected to drive market growth.

Competitive Landscape

Key players in the Europe cybersecurity market include IBM, Cisco Systems, Microsoft, Symantec, and Palo Alto Networks. These companies are focusing on innovation and strategic collaborations to gain a competitive edge. For instance, IBM has recently acquired Red Hat, a leading provider of open-source solutions, to enhance its cloud capabilities and expand its offerings in the cybersecurity market.

Market Report Highlights

For further information, Get Free Sample

This report provides a comprehensive analysis of the Europe cybersecurity market, including historic market size (2018-2022), market segmentation, drivers and challenges, trends, and vendor landscape. The report is flexible for customization, allowing analysts to provide additional segment-specific or region-specific data upon request.

Table of Contents

- 1. Executive Summary
- 2. Scope of the Report
- 3. Market Landscape
- 3.1 Market Ecosystem
- 3.2 Market Characteristics
- 3.3 Market Segmentation Analysis
- 4. Market Sizing
- 4.1 Market Definition
- 4.2 Market Sizing 2023
- 4.3 Market Size and Forecast 2024-2028
- 5. Historic Market Size (2018-2022)
- 6. Impact of AI on Europe Cybersecurity Market
- 7. Five Forces Analysis (Bargaining power of buyers, suppliers, threats of new entrants, rivalry)
- 8. Market Segmentation by Segment 1
- 8.1 Segment 1.1: Network Security
- 8.1.1 Firewalls
- 8.1.2 Intrusion Detection Systems
- 8.2 Segment 1.2: Endpoint Security
- 8.2.1 Endpoint Protection Platforms
- 9. Market Segmentation by Segment 2
- 9.1 Segment 2.1: Managed Security Services
- 9.1.1 Security Information and Event Management
- 9.1.2 Security Consulting
- 10. Customer Landscape
- 11. Drivers and Challenges
- 12. Market Trends
- 13. Vendor Landscape and Vendor Analysis
- 14. Appendix (Methodology, abbreviations)