Cyber Security Market in Europe 2015-2019
About Cyber Security
Cyber threats are internet-based attempts that disrupt or damage IT systems and hack critical information using spyware, malware, and phishing. Cyber security solutions help organizations detect, monitor, report, and counter cyber threats and maintain the confidentiality of IT systems. Increased internet penetration has led an exponential rise in sophisticated attacks on IT business infrastructure. Organizations are increasingly adopting cyber security solutions to protect critical data or any digital asset stored in a computer or any digital memory device. Cyber threats are becoming the major concern with the increase in usage of mobile devices and applications.
Technavio's analysts forecast the cyber security market in Europe to grow at a CAGR of 12.64% over the period 2014-2019.
Covered in this report
In this report, the Technavio analyst covers the present scenario and growth prospects of the cyber security market in Europe for the period 2015-2019.
To calculate the market size, the analyst considers the revenue generated from the sales of cyber security solutions in Europe. The report also includes market insights, market description, end-user segmentation, and market landscape in Europe.
In addition, it provides forecast and an analysis of the four key leading countries in the cyber security market in Europe:
Technavio Announces the Publication of its Research Report – Cyber Security Market in Europe 2015-2019
Technavio recognizes the following companies as the key players in the cyber security market in Europe: BAE Systems plc, Cisco Systems Inc., Fortinet Inc., Northrop Grumman Corp., Raytheon Co. and Symantec Corp.
Other Prominent Vendors in the market are: Brocade Communications Systems, CSC, EMC², FireEye, F-Secure, HP, IBM, Kaspersky Lab, L-3 Communications, McAfee, Microsoft, Palo Alto Networks, Skybox Security, Tripwire and Trustwave
Commenting on the report, an analyst from Technavio’s team said: “The demand for cloud-based security solutions is a key trend emerging in the cyber security market. End-users prefer cloud-based security solutions because they are cost-effective and can be easily managed.”
According to the report, a major reason for the growth of this market is the increased use of mobile devices. Businesses need to stay connected at all times, so employees use their personal portable devices such as cellphones, tablets, and laptops to access confidential company information. This creates a need to protect that data.
Further, the report states that the end-users in the cyber security market in Europe are capital-intensive in nature, making it harder to enter. Also, implementing an on-premises cyber security solution is time consuming. This makes the implementation process critical because once deployed, making changes is an expensive task
BAE Systems plc, Cisco Systems Inc., Fortinet Inc., Northrop Grumman Corp., Raytheon Co, Symantec Corp, Brocade Communications Systems, CSC, EMC², FireEye, F-Secure, HP, IBM, Kaspersky Lab, L-3 Communications, McAfee, Microsoft, Palo Alto Networks, Skybox Security, Tripwire, Trustwave