The Europe Data Security as a Service Market would witness market growth of 12.3% CAGR during the forecast period (2022-2028).
Data protection is now more critical than ever because of the development of cloud computing and software-defined data centers with virtualized infrastructure components offered as a service. Data security as a service (DSaaS) has been introduced due to cloud service providers' growing demand for data protection.
Most company programs and data were housed on internal servers until a few years ago. Although this placed all of the responsibility for security on the operation, at least it was apparent what needed to be guarded and how to achieve it. Local and well-known infrastructure was in place. The usage of Software as a Service (SaaS) products changed everything.
All professionals should be using strong passwords and two-factor authentication by this time. However, occasionally it still needs a little more push to ensure they follow the guidelines. Email & Office Security protects customer identities and other confidential information while securing staff accounts from hackers. Customers take data breaches seriously, but Email & Office Security prevents hackers at the door, so the company needn't worry.
The UK has more high-growth businesses than its European counterparts, having founded 144 unicorns, 237 future corns, and over 85,000 startups and scale-ups. With 95,808 IT firms (software and hardware, as of 2019), Germany has one of the largest ICT marketplaces in the world and the only largest software industry in Europe. The industry consists of significant shareholders like Microsoft, Apple, Dell, Adobe, IBM, Oracle, and SAP. There are also a lot of SMEs in the industry that are highly specialized. From 2007, the total revenue earned by the IT sector has increased, going from USD 76.4 billion to an expected USD 114.3 billion in 2021. The region's strong IT industry will increase demand for solutions based on data security, which is anticipated to boost market expansion.
The Germany market dominated the Europe Data Security as a Service Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4,150.1 million by 2028. The UK market is anticipated to grow at a CAGR of 11.4% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 13.1% during (2022 - 2028).
Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Type, the market is segmented into Data Encryption & Masking as a Service, Data Backup & Recovery as a Service, Data Discovery & Classification as a Service, Data Access Control as a Service, Data Governance & Compliance as a Service and Data Auditing & Monitoring as a Service. Based on Vertical, the market is segmented into BFSI, IT & ITes, Retail & eCommerce, Healthcare & Life Sciences, Telecommunications, Manufacturing, Media & Entertainment, Energy & Utilities 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 Data Security as a Service Market will Hit $62.3 Billion by 2028, at a CAGR of 12.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Cisco Systems, Inc., Amazon Web Services, Inc. (Amazon.com, Inc.), Microsoft Corporation, Hewlett Packard Enterprise Company (HP Development Company L.P.), Cognizant Technology Solutions Corporation, Veritas Technologies LLC (The Carlyle Group), Open Text Corporation (Micro Focus International PLC), Commvault Systems, Inc., and Thales Group S.A.
By Organization Size
By Type
By Vertical
By Country
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
