Europe Industrial Cybersecurity Market By Offering Type (Products and Solution & Services), By Security Type (Network Security, Endpoint Security, Application Security, Cloud Security, Wireless Security and Others), By End User (Power, Utilities, Transportation, Chemicals & Manufacturing and Others), By Country, Industry Analysis and Forecast, 2020 - 2026
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Market Report Description
The Europe Industrial Cybersecurity Market would witness market growth of 6.5% CAGR during the forecast period (2020-2026). The rising inclinations towards digitalization have forced companies to widely depend on digitized information.
The sharing of a massive amount of data in an external and internal environment as well as across the world has made companies vulnerable to cybercrime through various forms of attacks. An effective online attack can negatively affect the enterprise as well as its reputation and brand. During the time of breaches and high-profile data theft, it becomes important for a company to identify future threats, forcing them to restructure their cyber safety perspective. Hence, cyber security is becoming a strategic initiative for a company due to an expanded focus on managing cybercrime activities, which can hinder the momentum of the business.
Emerging technologies like the Internet of Things (IoT) and new business models widely depends on worldwide digitalization for their development. With the system becoming more complicated, interconnected, and manages more information, the chances to attack the surface become wider. Third-party data storage and cloud-based services have created methods for an online attack, which didn’t exist earlier. Moreover, IoT products equipped with IP sensors are expected to create vulnerabilities to the user data, if they have not been appropriately tested. Such services operate based on the internet and will become more connected over the forthcoming years, creating the requirement for a reliable cyber safety system in the business environment.
A reliable cyber safety system in a business environment aims to identify, prevent, and react to the network attack or cyber-attack during the intrusion. A scalable and adaptable strategy while taking benefit of the required solution prepares a company to manage unexpected limitations to its safety measures.
Based on Offering Type, the market is segmented into Products and Solution & Services. Based on Security Type, the market is segmented into Network Security, Endpoint Security, Application Security, Cloud Security, Wireless Security and Others. Based on End User, the market is segmented into Power, Utilities, Transportation, Chemicals & Manufacturing 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 ABB Group, IBM Corporation, Honeywell International, Inc., Cisco Systems, Inc., Schneider Electric SE, Rockwell Automation, Inc., Siemens AG, Microsoft Corporation, Palo Alto Networks, Inc. and Broadcom, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Offering Type
- Solution & Services
By Security Type
- Network Security
- Endpoint Security
- Application Security
- Cloud Security
- Wireless Security
By End User
- Chemicals & Manufacturing
- Rest of Europe
- ABB Group
- IBM Corporation
- Honeywell International, Inc.
- Cisco Systems, Inc.
- Schneider Electric SE
- Rockwell Automation, Inc.
- Siemens AG
- Microsoft Corporation
- Palo Alto Networks, Inc.
- Broadcom, Inc.
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