In Europe, the market of
cyber security is in its increasing stage in the recent trend. The market
present an effective competitive scenario where the international players which
control the majority of the stake are continuously trying to grow their prevailing
market share in the economy. The entrance of the domestic players and start-ups
in the past 5 years has lead to a move in the import oriented market to rely
heavily on the In-house items and services. The market of cyber security is
also very accessible to the newness, advancements and the next generation
solutions. Augmented usage of the smart phones and internet are the foremost
growth drivers of this market during the review period.
The Network security is
the most broadly utilized technology in the market and controls a foremost
share of the market. According to the research it is predicted that in the Europe
cyber security market the players are functioning more positively for
leading the fastest market growth and registering the high value of market
share during the short span of time more significantly and proficiently while
increasing the awareness among the several unions and regulatory authorities,
investing the handsome amount of money, increasing the applications of the cyber
security equipment and decreasing the price of the equipment includes Darktrace,
Cisco, Check Point Software Technologies Ltd, Symantec Corporation, Trend Micro,
Avast, Kaspersky, Fortinet, CMC Corporation, BAE Systems, CyRadar, IBM
Corporation, Trend Micro, Oracle, Wanders, Sophos, Sentry Bay, Fire Eye and
several others.
However, based on the end
user, the Banking and finance segment are the foremost users of cyber security
in this segment, as the information warehoused with the banking and finance segment
is exceedingly sensitive and demands to be kept protected with the contemporary
solutions. Healthcare, IT and Telecom and the Energy segment have been observing
for more cultured solutions in the market owing to the shared network systems
across Europe. As IoTendures to increase across Europe, the government has also
begun to aim on cyber security.
Not only has this, The
future of European Cyber Security market aspects auspicious as certain foremost
aspects like augment in the Mobile as well as Internet utilization and new advancement
in end users and the several laws and directives which are established provides
good growth choices. The Cyber security market is predicted to increase at a
single digit 5 year CAGR by an effective improvement in the cyber threat landscape
owing to the emerging intimidations and sophisticated rewards for the
attackers.
Europe is disposed to the cyber
attacks and the government now focuses to safeguard the citizens’ data. It has approved
several laws and legislations to develop the cyber security and decrease the
cyber terrorizations like GDPR Regulations and the NIS Directive which focuses at
standardizing the market and delivering the cyber security to everyone. There
is also a “Buy Europe” temperament which is fostering the growth in some of the
incoming startups from regions like Poland, Netherlands & Sweden. Some
startups are also photocopying the products advanced in US or other regions and
are putting them into a local business framework. Therefore, in the coming
years, it is predicted that the market of cyber security in Europe will
increase more significantly over the near future.
For more information on the
research report, refer to below link:
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Ken Research
Ankur Gupta, Head Marketing & Communications
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