How big is the Europe Cybersecurity Market?

The Europe Cybersecurity Market size is expected to reach USD 56.96 billion in 2024 and grow at a CAGR of 10.81% to reach USD 95.17 billion by 2029. Read More

What is the current Europe Cybersecurity Market size?

In 2024, the Europe Cybersecurity Market size is expected to reach USD 56.96 billion. Read More

Who are the key players in Europe Cybersecurity Market?

IBM Corporation, Cisco Systems, Inc., Fujitsu Limited (Fujitsu Group), Dell Technologies Inc. and Broadcom are the major companies operating in the Europe Cybersecurity Market. Read More

What years does this Europe Cybersecurity Market cover, and what was the market size in 2023?

In 2023, the Europe Cybersecurity Market size was estimated at USD 50.80 billion. The report covers the Europe Cybersecurity Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Cybersecurity Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the major challenges facing the Europe Cybersecurity Market?

Major Challenges faced by the Europe Cybersecurity Market include a) Complexity of cyber threats b) Shortage of skilled cybersecurity professionals c) Need for continuous technological advancements Read More

Europe Cybersecurity Market Analysis | Industry Growth, Size & Forecast Report

Europe Cyber Security Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers European Cyber Security Companies. The Market is Segmented by Offering (Security Type (Cloud Security, Data Security, Identity Access Management, Network Security, Consumer Security, Infrastructure Protection, and Other Security Types), Services), Deployment (Cloud and On-Premise), End-User Industry (BFSI, Healthcare, Manufacturing, Government and Defense, IT and Telecommunication, and Other End-User Industries), and Country (Germany, United Kingdom, France, Spain, Italy, Netherlands, and the Rest of Europe). The Report Offers Market Sizes and Forecasts in Value (USD) for all the Above Segments.

Europe Cybersecurity Industry Overview

The European cybersecurity market is highly competitive, owing to several global players. Some of the major players in the market are IBM Corporation, Cisco Systems, Inc., Fujitsu, Fujitsu Limited (Fujitsu Group), Dell Technologies Inc., and Broadcom. The market players are indulging in strategic partnerships, product launches, and acquisitions as lucrative paths toward expanding their market share. Several global cybersecurity providers are also expanding their presence and strengthening their foothold in the European region.

In December 2023, IBM Corporation announced that the company had signed an agreement with the NATO Communications and Information Agency (NCI Agency) to help strengthen the Alliance’s cybersecurity posture with improved security visibility and asset management across all NATO enterprise networks.

In December 2023, Palo Alto Networks Inc. completed its acquisition of Dig Security, a provider of Data Security Posture Management, to integrate its data security solutions into the Palo Alto Networks Prisma Cloud platform, which would enable organizations with real-time data protection across the entire cloud environment and can fuel its market adoption in Europe, supported by the increasing trend of cloud migrations in the European region.