Europe Cyber Security Market Size & Outlook, 2023-2030
Europe cyber security market, 2018-2030 (US$M)
Related Markets
Europe cyber security market highlights
- The Europe cyber security market generated a revenue of USD 59,968.6 million in 2023.
- The market is expected to grow at a CAGR of 12.2% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating component in 2023.
- Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 59,968.6 million |
| Market revenue in 2030 | USD 134,379.8 million |
| Growth rate | 12.2% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Hardware |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | BAE Systems PLC, Broadcom Inc, Check Point Software Technologies Ltd, Cisco Systems Inc, Fortinet Inc, International Business Machines Corp, Lockheed Martin Corp, LogRhythm, McAfee, Palo Alto Networks Inc, Proofpoint, Sophos, Trend Micro Inc |
Other key industry trends
- In terms of revenue, Europe region accounted for 26.9% of the global cyber security market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 123,114.8 million by 2030.
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Cyber Security Market Scope
Cyber Security Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe cyber security market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cyber security market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 58.16% in 2023. Horizon Databook has segmented the Europe cyber security market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The European market growth is driven by the increasing development of IT infrastructure, growing internet penetration, and proliferation of connected devices and numerous endpoints. Emerging and disruptive technologies, such as the Internet of Things (IoT), 5G, and cloud, have facilitated automation and new capabilities in various industries and simplified operations in recent years.
Yet, it is among the major factors attracting cybercriminals to the region. Governments and associations are taking significant steps to counter the rising challenges of cyber security.
For instance, in December 2023, The European Union Agency for Cybersecurity (ENISA) announced signing a working arrangement with the Cybersecurity and Infrastructure Security Agency (CISA) of the U.S. to boost the overall cooperation between the U.S. and the European Union in the areas of best practices exchange, capacity-building, and boosting situational awareness.
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Our clientele includes a mix of cyber security market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe cyber security market , including forecasts for subscribers. This continent databook contains high-level insights into Europe cyber security market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe cyber security market size, by country, 2018-2030 (US$M)
Europe Cyber Security Market Outlook Share, 2023 & 2030 (US$M)
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