Cybersecurity Market to grow at (CAGR) of 11.3 % and will be worth of USD 47.17 Bn by 2023

A new research document is added in HTF MI database of 90 pages, titled as ‘Europe Cybersecurity Market (2018-2023) ‘ with detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions and important players/vendors such as BAE System, Cisc System, Symantec Corporation, Fortinet , Northrop Grumman, Raytheon The report will help you gain market insights, future trends and growth prospects for forecast period of 2018-23

 

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With increased internet penetration, cyberattacks are becoming more powerful, allowing hacker’s greater access to new technology. One such example is the production a malware called ‘Flame’. Europe cybersecurity market is anticipated to grow at an overall compound annual growth rate (CAGR) of 11.3 % and will be worth of USD 47.17 Bn by 2023.

 

Across the different geographical regions, Europe held the second largest market share in the global cyber security market in 2016, generating 28.2% of the global revenue. One of the reasons is that the European Commission has taken up various initiatives in the field of cyber security in order to make the European Union a strong player in combatting cyberattacks, to increase the region’s cybersecurity capabilities and cooperation.

 

By countries, the Europe cybersecurity market is divided into EU5 and the Rest of EU5. EU5 is expected to hold more than half of the market. This is mainly backed by countries likes United Kingdom, Germany, and France that are making significant cybersecurity investments. It is also reported that cyberattacks in EU5 countries have expanded by five times from 2013 to 2017. To overcome the situation, countries need more robust and effective cyber solutions, and need to create effective regulations regarding cyberattacks.

 

By solution, Europe cybersecurity solution is classified into identity and access management, encryption, governance regulation and compliance, unified threat management, and security information and event management. Countries in EU5 like the U.K. and Germany dominate the UTM market in Europe, followed by Italy, which witnessed the highest growth rate. This is because organizations find deploying UTM easier and more effective.

 

Key growth factors:

 

o The prime factor that is driving the European cyber security market are government regulations, increase in cyberattacks, and the popularity of Bring Your Own Device (BYOD)

o The European Union’s General Data Protection Regulation are designed to ensure privacy that includes encrypting personal data, governing over the management and use and protection of data

 

Threats and key players:

 

o The lack of information, understanding, and time are the key factors that hinder organizations from adopting cybersecurity

o The key players in this market area BAE System, Cisco System, Fortinet, Northrop Grumman, Raytheon, and Symantec

 

What’s covered in the report?

 

o Overview of the Europe cybersecurity market

o The current and forecasted market size data for the Europe cybersecurity market

o The current and forecasted market size data for the segments of the market, by end user industries -financial services, telecommunication, healthcare, public sector, and others

o The current and forecasted market size data for the segments of the market, by solution- identity and access management, encryption, governance regulation and compliance, unified threat management, and security information and event management

o Market trends in the Europe cybersecurity market

o Market drivers and challenges in Europe cybersecurity market

o Current and forecasted countries – EU5 and the Rest of EU5 market size data for the Europe cybersecurity market

o Analysis of company profiles of the major players operating in the market

 

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Why buy?

 

o Get a broad understanding of the Europe cybersecurity market and its segments- by region, by solution, and by end user industries

o Get region-specific drivers and challenges affecting the Europe cybersecurity market

o Recognize significant competitors’ business and market dynamics, and respond accordingly

 

 

Companies Mentioned in the Report

o BAE System

o Cisco System

o Symantec Corporation

o Fortinet

o Northrop Grumman

o Raytheon

 

View Detailed Table of Content @ https://www.htfmarketreport.com/reports/1304726-europe-cybersecurity-market-1

 

Chapter 1: Executive Summary

1.1 Market Scope and Segmentation

1.2 Key Questions Answered in This Study

1.3 Executive Summary I

1.4 Executive Summary II

 

Chapter 2: Introduction

2.1. Blockchain technology-Functionality

2.2. Blockchain Application

2.3. Blockchain use cases

2.4. Value chain-Blockchain technology market

 

Chapter 3: Global Blockchain Technology Market overview

3.1. Overview – key observations, historical (2016-2017) and forecasted (2018-2023) market size (USD bn), geography wise market size (USD bn) in 2017

3.2. Market adoption

3.3. Market trends

 

Chapter 4: Blockchain Technology Market regional market overview

4.1. North America- Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends and challenges

4.2. Europe– Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends and challenges

4.3. Asia Pacific– Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends and challenges

4.4.

….Continued

It’s vital you keep your market knowledge up to date. If you have a different set of players/manufacturers according to geography or needs regional or country segmented reports we can provide customization accordingly.

 

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