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Europe Cyber Security Market is Expected to Reach $35.53 Billion in 2019 - New Report by MicroMarket Monitor

(PRWEB) August 07, 2014

The Cyber Security and Solutions report defines and segments the market in Europe with analysis and forecast of revenue. The European cyber security solutions and services market is estimated to grow from $25.04 billion in 2014 to $35.53 billion by 2019, at a CAGR of 7.20% from 2014 to 2019.

Browse through the TOC of the European Cyber Security Market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation of the market, and is supported by various tables and figures.

Europe is the second major market, whereas the U.K. holds a maximum share in the cyber security solutions and services market. Technological advancement and wide adoption of wireless communication has increased the complexity of cyber threats. Moreover, the European Union has approved the directive of European Union Electronic Signature and the European Union Data Protection to protect customer data. U.K. is the biggest market as it accounts a share of 17.8% of the total European cyber security market.

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This market is segmented and forecasted on the basis of solutions and services of cyber security, which involves identity and access management, risk and compliance management, encryption, data loss protection, unified threat management, firewall, antivirus and antimalware, IDS/IPS, security and vulnerability management, disaster recovery, DDos mitigation, web filtering, and others. Services include consulting, design and integration, risk and threat assessment, managed security service, and training and education. The market is further segmented and forecasted on the basis of major countries covering U.K, Germany, France, and Russia.

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This report includes the market share, supply chain and value chain analyses, and market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of key players in the market.

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Middle East and Africa Cyber Security Market
The Middle East & Africa (MEA) cyber security market is expected to grow from $7.06 billion in 2014 to $13.43 billion in 2019, at a CAGR of 13.7% for the period 2014 to 2019. The cyber security market is primarily driven by the strict governmental regulations and compliances due to increased security threats in the region.

Cyber security is a broad collection of technologies, solutions, services, compliances, and risk management approaches to protect an organizations’ and users’ personal and professional data from cyber crimes. The government, public utilities, and enterprises are all dependent on the internet, wireless technologies, and cloud-based services. Due to this dependency, cyber attacks have shown exponential increase in the past few years and have generated the need for unified cyber security solutions to support the enhanced enterprise mobility and strict data disclosure laws. Cyber security products are defined by possessing the capability to provide access management, authentication procedures, detection and responses to incidents, security updates or patch management, data recovery, mitigation of impacts, and risk & compliance management.

The cyber security market is experiencing a booming phase because of the need for global cyber security capacity establishment built for a secure and resilient cyberspace.
The Middle East & Africa region comprises economies such as Israel, U.A.E, Iran, and South Africa. The government regulations are very stringent in case of internet, media, publications, surveillance and monitoring in the MEA region. Companies operating in this region need to conduct their business in a highly visible manner, which should be totally in adherence to policies and existing regulations. This factor would chiefly drive the cyber security market in the region.

The government initiatives as well as investments have increased in countries such as Saudi Arabia, U.A.E, and South Africa, for avoiding data breaches, thus resulting in continual expansion opportunities for cyber security vendors across the region.

About MicroMarket Monitor:

MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.

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