The Europe cloud securitymarket is expected to grow from US$ 14,683.12 million in 2022 to US$ 32,853.30 million by 2028. It is estimated to grow at a CAGR of 14.4% from 2022 to 2028.
Rising Number of Cyber attacks is fueling the Europe cloud security market
The need for cloud security services has increased with a surge in cyberattacks. Due to the rise in digital content creation and the lack of measures to secure corporate and financial data, cyber theft have dramatically increased across several industry verticals. Banking, financial services, and insurance (BFSI) is the most targeted industry by cybercriminals, followed by IT & telecommunications and retail. Data breaches cause revenue losses to firms, along with tarnishing their brand reputation. The resultant business disruptions compel laborers to quit their jobs and search for new employment opportunities. Companies need to spend a considerable sum to make up for these losses and suppress the consequences of upcoming data breaches. According to estimates by IBM, an organization's average cost of a data breach was US$ 4.87 million in 2021, recording an increase of 10% over the cost incurred in 2020. As a result, businesses are implementing cutting-edge cybersecurity tools to identify risks and reduce costs associated with data breaches. Thus, the rising number of cyberattacks is driving the demand for cloud security services in the Europe cloud security market.Market Overview
Germany, France, the UK, Italy, and Russia are among the major economies in Europe. Rising data breaches, increasing cybercrime risks, and surging targeted attacks are anticipated to propel the demand for cloud security solutions in Europe during the forecast period. As the information stored with the BFSI industry is highly sensitive that needs to be kept secure with advance solutions, there is an increased demand for cloud security services in this segment. As adoption of IoT technologies continue to grow across Europe, there is a growing need to monitor and manage inhouse and external threats across several business verticals by conforming to the cyber security standards, norms and regulations imposed by the government in the region. Contrarily, strict rules and regulations for the data protection implemented by the EU governments is anticipated to fuel the demand for security solutions in public and private sectors across the European countries.Europe Cloud Security Market Revenue and Forecast to 2028 (US$ Million)
Europe Cloud Security Market Segmentation
The Europe cloud security market is segmented into service model, deployment model, enterprise size, solution type, industry vertical, and country. Based on service model, the Europe cloud security market is segmented into infrastructure as a service (IaaS), platform as a service (PaaS) and software as a service (SaaS). The software-as-a-service (SaaS)segment registered the largest market share in 2022.- Based on deployment model, the Europe cloud security market is segmented into public cloud, private cloud, and hybrid cloud. The public cloud segment registered the largest market share in 2022.
- Based on enterprise size, the Europe cloud security market is segmented into small and medium-sized enterprises (SMEs), and large enterprises. The large enterprises segment registered a larger market share in 2022.
- Based on solution type, the Europe cloud security market is segmented into email and web security, cloud identity and access management, data loss prevention, intrusion detection system/intrusion prevention system, security information and event management, and others. The email and web security segment registered the largest market share in 2022.
- Based on industry vertical, the Europe cloud security market is segmented into BFSI, IT and telecom, energy and utilities, government and public sector, healthcare and life sciences, manufacturing, and others. The BFSI segment registered the largest market share in 2022.
- Based on country, the Europe cloud security market is segmented into UK, France, Italy, Germany, Russia, and the Rest of APAC. UK dominated the market share in 2022.
Table of Contents
1. Introduction1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Cloud Security Market - By Service Model
1.3.2 Europe Cloud Security Market - By Deployment Model
1.3.3 Europe Cloud Security Market - By Enterprise size
1.3.4 Europe Cloud Security Market - By Solution Type
1.3.5 Europe Cloud Security Market - By Industry Verticals
1.3.6 Europe Cloud Security Market - By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Cloud Security Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Cloud Security Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Number of Cyberattacks
5.1.2 Surging Managed Container Services
5.2 Market Restraints
5.2.1 Weak Collaborations Among Organizations and Cloud Security Service Providers
5.3 Market Opportunities
5.3.1 Increase in Government Initiatives
5.4 Future Trends
5.4.1 Surge in Technological Advancements in Cloud Security
5.5 Impact Analysis of Drivers and Restraints
6. Cloud Security Market - Europe Market Analysis
6.1 Europe Cloud Security Market Overview
6.2 Europe Cloud Security Market Forecast and Analysis
7. Europe Cloud Security Market Analysis-by Service Model
7.1 Overview
7.2 Europe Cloud Security Market, By Service Model (2021 and 2028)
7.3 Infrastructure as a Service (IaaS)
7.3.1 Overview
7.3.2 Infrastructure as a Service (IaaS): Cloud Security Market Revenue and Forecast To 2028 (US$ Million)
7.4 Platform as a Service (PaaS)
7.4.1 Overview
7.4.2 Platform as a Service (PaaS): Cloud Security Market Revenue and Forecast To 2028 (US$ Million)
7.5 Software as a Service (SaaS)
7.5.1 Overview
7.5.2 Software as a Service (SaaS): Cloud Security Market Revenue and Forecast To 2028 (US$ Million)
8. Europe Cloud Security Market Analysis- Deployment Model
8.1 Overview
8.2 Europe Cloud Security Market, By Deployment Model (2021 and 2028)
8.3 Public Cloud
8.3.1 Overview
8.3.2 Public Cloud: Cloud Security Market Revenue and Forecast To 2028 (US$ Million)
8.4 Private Cloud
8.4.1 Overview
8.4.2 Private Cloud: Cloud Security Market Revenue and Forecast To 2028 (US$ Million)
8.5 Hybrid Cloud
8.5.1 Overview
8.5.2 Hybrid Cloud: Cloud Security Market Revenue and Forecast To 2028 (US$ Million)
9. Europe Cloud Security Market Analysis-by Enterprise size
9.1 Overview
9.2 Europe Cloud Security Market, By Enterprise size (2021 and 2028)
9.3 Small and Medium-sized Enterprises (SMEs)
9.3.1 Overview
9.3.2 Small and Medium-sized Enterprises (SMEs): Cloud Security Market Revenue and Forecast To 2028 (US$ Million)
9.4 Large Enterprises
9.4.1 Overview
9.4.2 Large Enterprises: Cloud Security Market Revenue and Forecast To 2028 (US$ Million)
10. Europe Cloud Security Market Revenue and Forecasts To 2028 Solution Type
10.1 Overview
10.2 Europe Cloud Security Market, By Solution Type (2021 and 2028)
10.3 Email and Web Security
10.3.1 Overview
10.3.2 Email and Web Security: Cloud Security Market - Revenue and Forecast to 2028 (US$ Million)
10.4 Cloud Identity and Access Management
10.4.1 Overview
10.4.2 Cloud Identity and Access Management: Cloud Security Market - Revenue and Forecast to 2028 (US$ Million)
10.5 Data Loss Prevention
10.5.1 Overview
10.5.2 Data Loss Prevention: Cloud Security Market - Revenue and Forecast to 2028 (US$ Million)
10.6 Intrusion Detection System/Intrusion Prevention System
10.6.1 Overview
10.6.2 Intrusion Detection System/Intrusion Prevention System: Cloud Security Market - Revenue and Forecast to 2028 (US$ Million)
10.7 Security Information and Event Management
10.7.1 Security Information and Event Management: Cloud Security Market - Revenue and Forecast to 2028 (US$ Million)
10.8 Others
10.8.1 Others: Cloud Security Market - Revenue and Forecast to 2028 (US$ Million)
11. Europe Cloud Security Market Analysis-by Industry Verticals
11.1 Overview
11.2 Europe Cloud Security Market, By Industry Verticals (2021 and 2028)
11.3 BFSI
11.3.1 Overview
11.3.2 BFSI: Cloud Security Market - Revenue and Forecast to 2028 (US$ Million)
11.4 IT and Telecom
11.4.1 Overview
11.4.2 IT and Telecom: Cloud Security Market - Revenue and Forecast to 2028 (US$ Million)
11.5 Energy and Utilities
11.5.1 Overview
11.5.2 Energy and Utilities: Cloud Security Market - Revenue and Forecast to 2028 (US$ Million)
11.6 Government and Public Sector
11.6.1 Overview
11.6.2 Government and Public Sector: Cloud Security Market - Revenue and Forecast to 2028 (US$ Million)
11.7 Healthcare and Life Sciences
11.7.1 Healthcare and Life Sciences: Cloud Security Market - Revenue and Forecast to 2028 (US$ Million)
11.8 Manufacturing
11.8.1 Manufacturing: Cloud Security Market - Revenue and Forecast to 2028 (US$ Million)
11.9 Others
11.9.1 Others: Cloud Security Market - Revenue and Forecast to 2028 (US$ Million)
12. Europe Cloud Security Market - Country Analysis
12.1 Overview
12.1.1 Europe: Cloud Security, by Key Country
12.1.1.1 UK: Cloud Security - Revenue, and Forecast to 2028 (US$ Million)
12.1.1.1.1 UK: Cloud Security, By Service Model
12.1.1.1.2 UK: Cloud Security Market, By Deployment Model
12.1.1.1.3 UK: Cloud Security Market, By Enterprise Size
12.1.1.1.4 UK: Cloud Security Market, By Solution Type
12.1.1.1.5 UK: Cloud Security Market, By Industry Verticals
12.1.1.2 France: Cloud Security - Revenue, and Forecast to 2028 (US$ Million)
12.1.1.2.1 France: Cloud Security, By Service Model
12.1.1.2.2 France: Cloud Security Market, By Deployment Model
12.1.1.2.3 France: Cloud Security Market, By Enterprise Size
12.1.1.2.4 France: Cloud Security Market, By Solution Type
12.1.1.2.5 France: Cloud Security Market, By Industry Verticals
12.1.1.3 Italy: Cloud Security - Revenue, and Forecast to 2028 (US$ Million)
12.1.1.3.1 Italy: Cloud Security, By Service Model
12.1.1.3.2 Italy: Cloud Security Market, By Deployment Model
12.1.1.3.3 Italy: Cloud Security Market, By Enterprise Size
12.1.1.3.4 Italy: Cloud Security Market, By Solution Type
12.1.1.3.5 Italy: Cloud Security Market, By Industry Verticals
12.1.1.4 Germany: Cloud Security - Revenue, and Forecast to 2028 (US$ Million)
12.1.1.4.1 Germany: Cloud Security, By Service Model
12.1.1.4.2 Germany: Cloud Security Market, By Deployment Model
12.1.1.4.3 Germany: Cloud Security Market, By Enterprise Size
12.1.1.4.4 Germany: Cloud Security Market, By Solution Type
12.1.1.4.5 Germany: Cloud Security Market, By Industry Verticals
12.1.1.5 Russia: Cloud Security - Revenue, and Forecast to 2028 (US$ Million)
12.1.1.5.1 Russia: Cloud Security, By Service Model
12.1.1.5.2 Russia: Cloud Security Market, By Deployment Model
12.1.1.5.3 Russia: Cloud Security Market, By Enterprise Size
12.1.1.5.4 Russia: Cloud Security Market, By Solution Type
12.1.1.5.5 Russia: Cloud Security Market, By Industry Verticals
12.1.1.6 Rest of Europe: Cloud Security - Revenue, and Forecast to 2028 (US$ Million)
12.1.1.6.1 Rest of Europe: Cloud Security, By Service Model
12.1.1.6.2 Rest of Europe: Cloud Security Market, By Deployment Model
12.1.1.6.3 Rest of Europe: Cloud Security Market, By Enterprise Size
12.1.1.6.4 Rest of Europe: Cloud Security Market, By Solution Type
12.1.1.6.5 Rest of Europe: Cloud Security Market, By Industry Verticals
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 New Product Development
13.4 Merger and Acquisition
14. Company Profiles
14.1 Amazon Web Services
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Microsoft Corp
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 International Business Machines Corp
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Oracle Corp
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Trend Micro Incorporated
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 VMware, Inc.
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Palo Alto Networks, Inc.
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Cisco Systems Inc
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Check Point Software Technologies Ltd.
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Google LLC
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About the Publisher
15.2 Glossary
List of Tables
Table 1 Europe Cloud Security Market, Revenue and Forecast, 2019-2028 (US$ Mn)
Table 2. UK: Cloud Security, By Service Model -Revenue and Forecast to 2028 (US$ Million)
Table 3. UK: Cloud Security Market, By Deployment Model -Revenue and Forecast to 2028 (US$ Million)
Table 4. UK: Cloud Security Market, By Enterprise Size -Revenue and Forecast to 2028 (US$ Million)
Table 5. UK: Cloud Security Market, By Solution Type -Revenue and Forecast to 2028 (US$ Million)
Table 6. UK: Cloud Security Market, By Industry Verticals-Revenue and Forecast to 2028 (US$ Million)
Table 7. France: Cloud Security, By Service Model -Revenue and Forecast to 2028 (US$ Million)
Table 8. France: Cloud Security Market, By Deployment Model -Revenue and Forecast to 2028 (US$ Million)
Table 9. France: Cloud Security Market, By Enterprise Size -Revenue and Forecast to 2028 (US$ Million)
Table 10. France: Cloud Security Market, By Solution Type -Revenue and Forecast to 2028 (US$ Million)
Table 11. France: Cloud Security Market, By Industry Verticals-Revenue and Forecast to 2028 (US$ Million)
Table 12. Italy: Cloud Security, By Service Model -Revenue and Forecast to 2028 (US$ Million)
Table 13. Italy: Cloud Security Market, By Deployment Model -Revenue and Forecast to 2028 (US$ Million)
Table 14. Italy: Cloud Security Market, By Enterprise Size -Revenue and Forecast to 2028 (US$ Million)
Table 15. Italy: Cloud Security Market, By Solution Type -Revenue and Forecast to 2028 (US$ Million)
Table 16. Italy: Cloud Security Market, By Industry Verticals-Revenue and Forecast to 2028 (US$ Million)
Table 17. Germany: Cloud Security, By Service Model -Revenue and Forecast to 2028 (US$ Million)
Table 18. Germany: Cloud Security Market, By Deployment Model -Revenue and Forecast to 2028 (US$ Million)
Table 19. Germany: Cloud Security Market, By Enterprise Size -Revenue and Forecast to 2028 (US$ Million)
Table 20. Germany: Cloud Security Market, By Solution Type -Revenue and Forecast to 2028 (US$ Million)
Table 21. Germany: Cloud Security Market, By Industry Verticals-Revenue and Forecast to 2028 (US$ Million)
Table 22. Russia: Cloud Security, By Service Model -Revenue and Forecast to 2028 (US$ Million)
Table 23. Russia: Cloud Security Market, By Deployment Model -Revenue and Forecast to 2028 (US$ Million)
Table 24. Russia: Cloud Security Market, By Enterprise Size -Revenue and Forecast to 2028 (US$ Million)
Table 25. Russia: Cloud Security Market, By Solution Type -Revenue and Forecast to 2028 (US$ Million)
Table 26. Russia: Cloud Security Market, By Industry Verticals-Revenue and Forecast to 2028 (US$ Million)
Table 27. Rest of Europe: Cloud Security, By Service Model -Revenue and Forecast to 2028 (US$ Million)
Table 28. Rest of Europe: Cloud Security Market, By Deployment Model -Revenue and Forecast to 2028 (US$ Million)
Table 29. Rest of Europe: Cloud Security Market, By Enterprise Size -Revenue and Forecast to 2028 (US$ Million)
Table 30. Rest of Europe: Cloud Security Market, By Solution Type -Revenue and Forecast to 2028 (US$ Million)
Table 31. Rest of Europe: Cloud Security Market, By Industry Verticals-Revenue and Forecast to 2028 (US$ Million)
Table 32. Glossary of Terms, Europe Cloud Security Market
List of Figures
Figure 1. Europe Cloud Security Market Segmentation
Figure 2. Europe Cloud Security Market Segmentation - by Country
Figure 3. Europe Cloud Security Market Overview
Figure 4. Europe Cloud Security Market, By Enterprise Size
Figure 5. Europe Cloud Security Market, By Country
Figure 6. Europe: PEST Analysis
Figure 7. Cloud Security Market Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. Europe Cloud Security Market Impact Analysis of Drivers and Restraints
Figure 10. Europe Cloud Security Market, Forecast and Analysis (US$ Mn)
Figure 11. Europe Cloud Security Market, By Service Model (2021 and 2028)
Figure 12. Infrastructure as a Service (IaaS): Europe Cloud Security Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Platform as a Service (PaaS): Europe Cloud Security Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Software as a Service (SaaS): Europe Cloud Security Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Cloud Security Market, By Deployment Model (2021 and 2028)
Figure 16. Public Cloud: Europe Cloud Security Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Private Cloud: Europe Cloud Security Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Hybrid Cloud: Europe Cloud Security Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe Cloud Security Market, By Enterprise size (2021 and 2028)
Figure 20. Small and Medium-sized Enterprises (SMEs): Europe Cloud Security Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Large Enterprises: Europe Cloud Security Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe Cloud Security Market, By Solution Type (2021 and 2028)
Figure 23. Email and Web Security: Europe Cloud Security Market - Revenue and Forecast to 2028 (US$ Million)
Figure 24. Cloud Identity and Access Management: Europe Cloud Security Market - Revenue and Forecast to 2028 (US$ Million)
Figure 25. Data Loss Prevention: Europe Cloud Security Market - Revenue and Forecast to 2028 (US$ Million)
Figure 26. Intrusion Detection System/Intrusion Prevention System: Europe Cloud Security Market - Revenue and Forecast to 2028 (US$ Million)
Figure 27. Security Information and Event Management: Europe Cloud Security Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. Others: Europe Cloud Security Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. Europe Cloud Security Market, By Industry Verticals (2021 and 2028)
Figure 30. BFSI: Europe Cloud Security Market - Revenue and Forecast to 2028 (US$ Million)
Figure 31. IT and Telecom: Europe Cloud Security Market - Revenue and Forecast to 2028 (US$ Million)
Figure 32. Energy and Utilities: Europe Cloud Security Market - Revenue and Forecast to 2028 (US$ Million)
Figure 33. Government and Public Sector: Europe Cloud Security Market - Revenue and Forecast to 2028 (US$ Million)
Figure 34. Healthcare and Life Sciences: Europe Cloud Security Market - Revenue and Forecast to 2028 (US$ Million)
Figure 35. Manufacturing: Europe Cloud Security Market - Revenue and Forecast to 2028 (US$ Million)
Figure 36. Others: Europe Cloud Security Market - Revenue and Forecast to 2028 (US$ Million)
Figure 37. Europe: Cloud Security Market, by Key Country - Revenue (2021) (US$ Million)
Figure 38. Europe: Cloud Security Revenue Share, by Key Country (2021 and 2028)
Figure 39. UK: Cloud Security - Revenue, and Forecast to 2028 (US$ Million)
Figure 40. France: Cloud Security - Revenue, and Forecast to 2028 (US$ Million)
Figure 41. Italy: Cloud Security - Revenue, and Forecast to 2028 (US$ Million)
Figure 42. Germany: Cloud Security - Revenue, and Forecast to 2028 (US$ Million)
Figure 43. Russia: Cloud Security - Revenue, and Forecast to 2028 (US$ Million)
Figure 44. Rest of Europe: Cloud Security - Revenue, and Forecast to 2028 (US$ Million)
Companies Mentioned
- Amazon Web Services
- Microsoft Corp
- International Business Machines Corp
- Oracle Corp
- Trend Micro Incorporated
- VMware, Inc.
- Palo Alto Networks, Inc.
- Cisco Systems Inc
- Check Point Software Technologies Ltd.
- Google LLC
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 180 |
| Published | February 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 14683.12 Million |
| Forecasted Market Value ( USD | $ 32853.3 Million |
| Compound Annual Growth Rate | 14.4% |
| Regions Covered | Europe |
| No. of Companies Mentioned | 10 |
