The Europe Information Technology (IT) Security as a Service Market would witness market growth of 12.3% CAGR during the forecast period (2023-2030).
Cloud-based firewalls are one example of IT security services that monitor and restrict incoming and outgoing network traffic based on predetermined security rules. Firewall as a service (FWaaS) provides a scalable and centralized approach to network security, protecting organizations from unauthorized access and cyber threats. These services analyze network and system activities for malicious or security policy violations.
ITSECaaS offers secure VPN solutions that enable organizations to create encrypted connections over the internet. This assures the confidentiality and integrity of data transmitted between remote offices, users, or devices. IT security services deliver endpoint protection against malicious software, viruses, and other cyber threats. This includes real-time scanning, threat detection, and automated removal of malicious entities.
According to the UK Government, the UK's financial services sector is one of the world's most open, innovative, and dynamic. The United Kingdom represents 11% of the global fintech industry. It is home to an estimated 2500 fintech companies, with six of the top ten in London. The BFSI sector in the UK is undergoing a digital banking transformation, with increased reliance on online and mobile banking services. The adoption of mobile and contactless payment methods has surged in the UK. Thus, all these factors will uplift the regional market’s expansion in the coming years.
The Germany market dominated the Europe Information Technology (IT) Security as a Service Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $2485.3 million by 2030. The UK market is exhibiting a CAGR of 11.3% during (2023 - 2030). Additionally, The France market would experience a CAGR of 13.1% during (2023 - 2030).
Based on End User, the market is segmented into BFSI, Education, Telecom, Healthcare, Energy & Utilities, and Others. Based on Offering, the market is segmented into Endpoint Protection, Email Encryption, Information Security, Event Monitoring, Data Loss Prevention, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Cloud-based firewalls are one example of IT security services that monitor and restrict incoming and outgoing network traffic based on predetermined security rules. Firewall as a service (FWaaS) provides a scalable and centralized approach to network security, protecting organizations from unauthorized access and cyber threats. These services analyze network and system activities for malicious or security policy violations.
ITSECaaS offers secure VPN solutions that enable organizations to create encrypted connections over the internet. This assures the confidentiality and integrity of data transmitted between remote offices, users, or devices. IT security services deliver endpoint protection against malicious software, viruses, and other cyber threats. This includes real-time scanning, threat detection, and automated removal of malicious entities.
According to the UK Government, the UK's financial services sector is one of the world's most open, innovative, and dynamic. The United Kingdom represents 11% of the global fintech industry. It is home to an estimated 2500 fintech companies, with six of the top ten in London. The BFSI sector in the UK is undergoing a digital banking transformation, with increased reliance on online and mobile banking services. The adoption of mobile and contactless payment methods has surged in the UK. Thus, all these factors will uplift the regional market’s expansion in the coming years.
The Germany market dominated the Europe Information Technology (IT) Security as a Service Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $2485.3 million by 2030. The UK market is exhibiting a CAGR of 11.3% during (2023 - 2030). Additionally, The France market would experience a CAGR of 13.1% during (2023 - 2030).
Based on End User, the market is segmented into BFSI, Education, Telecom, Healthcare, Energy & Utilities, and Others. Based on Offering, the market is segmented into Endpoint Protection, Email Encryption, Information Security, Event Monitoring, Data Loss Prevention, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Quick Heal Technologies Limited
- Trend Micro, Inc.
- Radware Ltd.
- Cisco Systems Inc.
- Broadcom, Inc.
- Cloudflare, Inc.
- Check Point Software Technologies Ltd.
- Hewlett Packard enterprise Company
- Barracuda Networks, Inc. (KKR & Co. Inc.)
- Fortinet, Inc.
Market Report Segmentation
By End User- BFSI
- Education
- Telecom
- Healthcare
- Energy & Utilities
- Others
- Endpoint Protection
- Email Encryption
- Information Security
- Event Monitoring
- Data Loss Prevention
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Europe Information Technology (IT) Security as a Service Market by End User
Chapter 6. Europe Information Technology (IT) Security as a Service Market by Offering
Chapter 7. Europe Information Technology (IT) Security as a Service Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- Quick Heal Technologies Limited
- Trend Micro, Inc.
- Radware Ltd.
- Cisco Systems Inc.
- Broadcom, Inc.
- Cloudflare, Inc.
- Check Point Software Technologies Ltd.
- Hewlett Packard enterprise Company
- Barracuda Networks, Inc. (KKR & Co. Inc.)
- Fortinet, Inc.
Methodology
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