Europe Data Diode Solution Market Size, Share & Industry Trends Analysis Report By Type, By Application (Critical Infrastructure, Oil & Gas, Energy & Power, Government, Manufacturing, Aerospace & Defense), By Country and Growth Forecast, 2023 - 2030
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Market Report Description
The Europe Data Diode Solution Market would witness market growth of 11.6% CAGR during the forecast period (2023-2030).
Demand for cybersecurity technologies with minimal recurrent operational expenses has surged as a result of the double-digit year-over-year growth in cyberattacks. Organizations are searching for solutions that are extremely dependable and do not interfere with ICS operations. Attackers used their identities as representatives of a subcontractor, KeyPoint Government Solutions, to obtain the personal data of government workers, including their Social Security numbers, previous addresses, as well as security clearance files. Unidirectional gateways are more popular now than previously because of the rise in cyberattacks brought on by the recent Ukrainian conflicts, particularly those targeting critical infrastructure.
Every building and equipment, road and railroad, product, and process now has sensors and can communicate data owing to the Internet of Things (IoT), which has been adopted across all industries. Due to the Internet's alluring advantages, such as constant monitoring of sensors and operating data, industrial and equipment facilities are connected to it. It's possible that the industrial facilities that send data over the Internet are weak. The systems must therefore be secured against any kind of unauthorized access to safeguard plants from vulnerability.
Major firms in the U.K., Germany, Italy, Spain, France, and other nations are leading the sector forward with their investments and cyber security measures. The growing demand for safety services and solutions in the energy and power sector has resulted in significant advancements in Europe. By 2024, about 77% of electricity users in Europe will have smart meters. Approximately 44% will use a gas one. In addition, the European Commission's Member States have promised to install around 200 million smart electricity meters and 45 million smart gas meters by 2020, potentially costing €45 billion. By 2020, 40% of European consumers will have smart meters for gas and close to 72% electricity. The regional market will therefore continue to grow over the projection period because of all of these factors.
The Germany market dominated the Europe Data Diode Solution Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $68.8 million by 2030. The UK market is poised to grow at a CAGR of 10.6% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 12.4% during (2023 - 2030).
Based on Type, the market is segmented into Ruggedized, and Regular. Based on Application, the market is segmented into Critical Infrastructure, Oil & Gas, Energy & Power, Government, Manufacturing, Aerospace & Defense, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BAE Systems PLC, Belden, Inc., Siemens AG (Siemens Mobility), ST Engineering Limited, Advenica AB, Owl Cyber Defense, Forcepoint LLC (Francisco Partners), Garland Technology, OPSWAT, Inc., and Waterfall Security Solutions Ltd.
Scope of the Study
Market Segments Covered in the Report:
- Critical Infrastructure
- Oil & Gas
- Energy & Power
- Aerospace & Defense
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- BAE Systems PLC
- Belden, Inc.
- Siemens AG (Siemens Mobility)
- ST Engineering Limited
- Advenica AB
- Owl Cyber Defense
- Forcepoint LLC (Francisco Partners)
- Garland Technology
- OPSWAT, Inc.
- Waterfall Security Solutions Ltd.
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