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Europe Cyber Security Market Forecast 2021-2028

The Europe cyber security market is estimated to register a CAGR of 9.81% during the forecast period, 2021-2028. The growing mobile workforce, advanced persistent threats (APTs), cloud-based services adoption, the need for advanced risk & compliance solutions, and increased internet penetration, are predicted to contribute to the market growth of Europe.

The Europe cyber security market growth analysis is based on the evaluation of Germany, Italy, France, Russia, Belgium, the United Kingdom, Poland, and the rest of Europe. Germany is dependent on the reliable functioning of information and communication technology and the internet as part of an increasingly interconnected world. The cyber-attacks are on the rise in the country due to the increasing number of connected devices. The government was under cyber-attack in March 2018, resulting in the loss of sensitive data. Therefore, the government and organizations are set to adapt and upgrade their IT infrastructure with stringent cyber security measures. The federal government focuses on significant contributions to enhanced and secure cyberspace, thereby maintaining economic and social prosperity in the country. Such factors are set to boost the demand for the cyber security market in Germany.
Sweden, one of the most well-connected countries in the world, has more than 95% of its population having access to the internet. Cybercrime is on the rise with growing online activities. As per the Symantec survey, almost 30% of the country was exposed to cybercrime in 2018, resulting in a loss of around USD 3.5 billion. The country had announced to embolden its cyber security defenses in 2018, as part of its national security strategy. This has resulted in increased investments. Such factors are projected to offer growth opportunities for market players.

Some of the esteemed companies operating in the market include, Dell Technologies Inc, Rapid7 Inc, Fortinet, Fireeye Inc, Palo Alto Networks Inc, etc.

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Europe Cyber Security Market Forecast 2021-2028
Published By :Inkwood Research
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