European Cyber Security market is growing at a CAGR of around 10.3% during the forecast period. European countries including Netherland, Germany, France, UK, and Ukraine & Virgin Island were in the top 10 out of total cyber-attacks. European Union has adopted the EU Cybersecurity Strategy to protect organizations in the region from cyber threats. They have adopted a set of legislative proposals, in particular, network and information security and reserved more than €600 million of EU Investment for research and innovation in the cyber security projects during the period of 2014-2020. 

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An increase in cyber security investment by the governments is driving the growth of the European cyber security market. Digital Single Market Strategy which came into existence in 2015 is included to implement public-private partnerships (PPP) on cyber security. The aim of this is to refresh European competitiveness and help overcome cyber security market fragmentation. The partnership is supported by the funds coming from the Horizon 2020 Research and Innovation Framework Program (H2020) with an investment of about €450 million until 2020, which supports the European cyber security market growth during the forecast period.

Moreover, cyber regulations in Europe enhance its growth in the region. In Europe, the NIS Directive is the first piece of EU-wide legislation on cyber security. It imposes security requirements as well as notification obligations on their national essential services providers. These include both public and private sectors and introduce penalties for failures. The EU electronic communications Directive 2002/21/EC ensures proper security measures adopted by operators providing public communication networks or publicly available electronic communications services. EU Data privacy rules and ePrivacy Directive require operators to ensure the integrity and protect data. These regulations ensure proper security measures adopted by the organizations and enable the growth of the European cyber security market.

Research Methodology

The market study of the European Cyber Security market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. European Cyber Security Market Research and Analysis by Type

2. European Cyber Security Market Research and Analysis by Solution

3. European Cyber Security Market Research and Analysis by Vertical

The Report Covers

• Comprehensive research methodology of the European Cyber Security market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the European Cyber Security market.
• Insights about market determinants which are stimulating the European Cyber Security market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.