Europe Internet Security Market

Europe Internet Security Market Size (2024 to 2029)

The size of the Internet Security Market in the European region is expected to grow at USD 17.83 billion in 2023 and USD 28.92 billion by 2029, growing at a CAGR of 10.15% during the forecast period. The increase in using technology has many advantages as well as disadvantages. One of the problems of using it is security issues, whereas there are a lot of companies that now developed various Internet Security systems.

In the global view, the European market is the second-largest in Internet Security Market. One of the greatest reasons behind it is that the European Commission has taken cybersecurity as a severe tern to be developed and should become the most active cyber secured region. Their motive is to bring the European Union to the top place in the Internet Security systems.

Internet security includes not only the internet but also the segments like network security, operating systems, applications, software, etc. As the internet is an insecure channel for the transferring or exchanging of information, which leads to the high risk of trojan, phishing, online viruses, worms, etc., internet security helps to protect the data or the confidentiality of the data.

Europe Internet Security Market Drivers

As every industry is thriving to upgrade their operations and production to get digitalized, the adaption of IoT (Internet of Things) and BYOD (Bring Your Own Device) is increasing. With the increase in cloud-based cybersecurity systems, we need robust authentication methods that are very protective of the data and information.

As the European Union took the cybersecurity as a serious issue, there is a lot of scopes to get easy access to the demands and permissions from them. It might be the game-changing decision for the newly established companies. This will affect the positive growth of Europe's Internet Security Market.

Every industry that is adapting the IoT and BYOD made the devices and the information among them more exposed to APTs (Advanced Persistent Threats). Also, the increase in the number of mobile phones made it hard to keep data tracking for IT teams. For the flexibility of securing their data, companies now are adapting to the Internet Security systems to protect the crucial information by tracking, monitoring, classifying and resolving various kinds of cyberattacks. This made the demand for Cybersecurity systems high in multiple fields.

The growth in the demand for cloud-based computing boosted the European Internet Security Market. Due to the increase in the adaption of cloud computing because of its flexibility and robust infrastructure made the increase in demand for cloud-based cybersecurity.

Furthermore, with the advantages of cloud-based computing like managing all the applications on one platform without any invisibility that can prevent the risk of running exceptionally challenging analytics in the background made it more secure. Therefore, the growth of cloud-based Internet Security Market is directly proportional to the growth of the adaption of cloud-based computing, which will make Europe Internet Security Market secure.

As the digitalization is increasing, there are a lot of threats from the authentication side. As most of the companies now are investing in multiplatform authentication, which is like an extension to the traditional username and password format like OTP (One Time Password), ReCaptcha, etc. As organizations are giving a secure environment for their information, the need for robust authentication methods is getting increased day by day. These provide the intruders with a tough fight to get into an organization's database.

REPORT COVERAGE

This research report on the Europe Internet Security market has been segmented and sub-segmented based on the following categories.

Europe Internet Security Market Analysis By Component

• Solutions
• Services

Europe Internet Security Market Analysis By Deployment Type

• Cloud
• On-Premises

Europe Internet Security Market Analysis By User Type

• Large enterprises
• Small & medium enterprises

Europe Internet Security Market Analysis By Industry Verticals

• Aerospace and Defense
• BFSI
• Public sector
• Retail
• Healthcare
• IT and Telecom
• Energy and Utilities
• Manufacturing, and Others

Europe Internet Security Market Analysis By Region

• UK
• France
• Spain
• Germany
• Italy
• Russia
• Sweden
• Denmark
• Switzerland
• Netherlands
• Turkey
• Czech Republic and Rest of Europe

The United Kingdom will become the center for cybersecurity solutions because of the presence of significant internet security system companies. Europe sees rapid growth in its healthcare sector, which is one of the driving forces of the European economy now. As the healthcare sector is growing, the European Union is taking care of its security very predominantly. This might take the need for Internet security in Europe to the next level. Information technology is the starting point of the emerging cybersecurity system. It is the reason why Internet Security Systems have emerged. Therefore, it is evident that IT's cybersecurity segment will be the most influential in the Europe Internet Security Market.

Leading Companies

Quantum flagship, a European Union-funded company which very prestigious for them for the cybersecurity has going to expand its territory, coordinated by VDI Technologiezentrum GmbH in Dusseldorf, Germany. The aim of this project is to place the European Union at the top place for the Cyber Security systems market.

KEY PARTICIPANTS IN THE MARKET

• Darktrace
• Cisco
• Checkpoint Software Technologies Ltd.
• Symantec Corporation
• Trend Micro
• Avast
• Kaspersky
• Fortinet
• CMC Corporation

RECENT HAPPENINGS IN THE MARKET

• SHE Software, a UK based company, got funded about £1.4 million from another European company called Scottish Enterprise. SHE software CEO Matthew Elson mentioned that money raised by them would be invested in R&D teams and their existing employees to increase their skillsets for their future ambitions. The company is expanding its security systems in various forms in health as well as software.
• TROOPERS20, a cybersecurity meet-up that lasted around 2days, is listed as one of the best Cyber Security meet-ups in 2019. Troopers 20 is an old-school multitrack platform that attracts the speakers from more than 25 countries. The groups will be held some round table conferences where they all will be discussing various cybersecurity issues and also about Europe Internet Security Market.
• One of the biggest cybersecurity meet-up, Hacker in the box Security conference, is scheduled to be held on April 20-24. It is going to be held in Amsterdam, Netherlands. It is said that it will be discussing the next generation internet security issues and the scope of hackers, breakers and makers.