The European cyber security market for the Internet of Things (IoT) and connected device are in a growing phase. Germany, United Kingdom, France, and Italy, are leading European countries to adopt IoT and connected device. However, many consumers across Europe are also seeing the importance of wearables devices and increasingly understand the benefits. The severity of cyber breaches has become more and more intense in recent years across European countries. The threat to UK companies from hackers and other malicious elements online was magnified in 2020. The number of attacks continued to grow, and cyber security has become increasingly important to many more parts of the UK economy.
In the past two years Denmark, France, Sweden citizens have faced the highest percentage of security-related problems in the European region. France is projected to hold a notable portion in the cybersecurity business in the European region. The French national cyber security plan attempts to supplement the French society's digital transformation actions and approach the new challenges expereinced due to the changing uses of digital technology and the associated threats. According to the report analysis, the Europe Cyber Security Industry was valued at US$ 8.56 Billion in 2020.
The primary companies in Europe cyber security market are Broadcom, Cisco Systems Inc., Check Point Software Technology Ltd., IBM and Palo Alto Networks, Inc. These key players are adopting different strategies in the European region to the lucrative path towards expanding their market share. In Jan 2020, Cisco opened its first Cyber Security Co-Innovation Centre, which is totally dedicated to cyber security and privacy in Europe.
This latest Report "Europe Cybersecurity Market by Segment (Iot devices, PCS, Mobiles/network, Connected TV, Wearables, connected car) Component (IT &Telecom, Retails, BFSI, Healthcare, Defense/Government, Automotive & Others) Country (Germany, France, UK, Italy) Company (Broadcom, Cisco Systems, Inc., Check Point Software Technology Ltd., IBM, Palo Alto Networks, Inc.)" studies the European Cyber Security Industry. The report also comprises qualitative factors such as drivers, restraints, and opportunities.
Segment - Europe Cyber Security Market has been covered from 6 viewpoints:
1. IoT devices
2. PCS
3. Mobiles/network
4. Connected Tv
5. Wearables
6. Connected car
Component - Europe Cyber Security Market has been covered from 7 viewpoints:
1. IT &Telecom
2. Retails
3. BFSI
4. Healthcare
5. Defense/Government
6. Automotive
7. Other
Country - Europe Cyber Security Market has been covered from 4 viewpoints:
1. Germany
2. France
3. U.K
4. Italy
Company Insights:
- Overviews
- Recent Developments
- Revenues
Company Analysis:
1. Broadcom
2. Cisco Systems, Inc.
3. Check Point Software Technology Ltd.
4. IBM
5. Palo Alto Networks, Inc.
Table of Contents
Companies Mentioned
- Broadcom
- Cisco Systems, Inc.
- Check Point Software Technology Ltd.
- IBM
- Palo Alto Networks, Inc.
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| Published | June 2021 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD | $ 8.56 Billion |
| Forecasted Market Value ( USD | $ 22.67 Billion |
| Compound Annual Growth Rate | 14.9% |
| Regions Covered | Europe |
| No. of Companies Mentioned | 5 |
