The Europe Cyber Security Services Market would witness market growth of 9.3% CAGR during the forecast period (2021-2027).
With the rapid pace of digitalization, companies are shifting to digital space and are streamlining their operation through the adoption of advanced software and services. Key market companies are introducing various solutions including an application security assessment, which would look for business logic faults and implementation vulnerabilities in any type of programme, from huge cloud-based systems to embedded and mobile apps. For cyber attackers, data from client’s workplace systems provides a high return, but the landscape has grown more complex and difficult to monitor. Key companies assist clients in securing their critical cyber vulnerabilities, such as data breaches and harmful software programmes (malware).
According to a report by the European Cybersecurity Organization, the United Kingdom's government will spend roughly USD 2.30 billion in 2020 on network and internet security projects in defense and research. This investment will help to drive overall acceptance of IT security solutions across numerous industries in the regional countries. The National Cyber Security Centre (NCSC), which is part of GCHQ, is in charge of the UK's cyber security mission. Through technological advancements and advice to citizens and organizations, the NCSC helps defend the UK's key services from cyber threats, manages major incidents, and improves the underlying security of the UK Internet.
The Germany market dominated the Europe Cyber Security Services Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $12.60 billion by 2027. The UK market is estimated to witness a CAGR of 8.6% during (2021 - 2027). Additionally, The France market would showcase a CAGR of 10.1% during (2021 - 2027).
Based on Service Type, the market is segmented into Professional Services and Managed Services. Based on Professional Services Type, the market is segmented into Training, Consulting & Advisory, Integration, Support & Maintenance, Penetration Testing & Bug Bounty, and Others. Based on Managed Services Type, the market is segmented into Managed Security Incident & Event Management (SIEM), Compliance & Vulnerability Management, Managed Detection Response (MDR), and Others. Based on End User, the market is segmented into Government & Defense, Manufacturing, BFSI, IT & Telecom, Retail, Healthcare, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Cyber Security Services Market Size will Hit $178 Billion by 2027, at a CAGR of 9.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Crowdstrike Holdings, Inc., Deloitte Touche Tohmatsu Limited, Capgemini SE, IBM Corporation, Accenture PLC, Cisco Systems, Inc., DXC Technology Company, AT&T, Inc. (AT&T Intellectual Property), Atos Group, and Rapid7, Inc.
By Service Type
By End User
By Country
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