News

Europe Cyber Security Market – In-Depth Market Analysis by Renub Research

Market Overview Europe Cyber Security Market is projected to reach US$ 103.51 Billion by 2028, witnessing robust growth driven by the surge in digital transformation, increased data privacy regulations, and growing incidences of cyber threats. In 2022, the market was valued at US$ 49.72 Billion and is expected to register a CAGR of 13% during the forecast period (2023–2028). Europe’s status as a global hub for finance, trade, and innovation makes it a critical target for cybercriminals, further amplifying the demand for robust cybersecurity infrastructure.

Key Drivers

• Rising Internet Penetration: According to Eurostat, 95% of young people (aged 16–29) were internet users as of 2021, driving higher exposure to digital threats.
• Digital Transformation and IoT Growth: The adoption of IoT, wearables, smart TVs, and connected vehicles has exponentially increased the attack surface.
• Cloud and Remote Work: Increased rel

Europe is making cybersecurity a “high priority” and financing equipment & infrastructure. As the demand for robust Banking, Financial Services, and Insurance (BFSI) and Defence security grows, the market for cybersecurity will explore and the number of available solutions. In 2019, according to Eurostat, the expanding penetration of mobile internet user’s uptake of 92% of young people in European region and adoption of cloud-based services, and Advanced Persistent Threats (APTs) presented a comprehensive opportunity for cyber vendors in the European cybersecurity market size. As the internet is cheaper, faster, and more widely available than ever before, the connected device, PCs, and wearables cybersecurity continue to grow with data breaches, malware, and phishing. The Europe Cybersecurity Market is estimated to reach US$ 22.67 Billion by 2027.

europe cyber security market

Cyber security is continuing to be an integral part of every single organization across Europe. As per our repo