Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Component (Software, Hardware, Services), By Software (IAM, Antivirus/Antimalware, Log Management and SIEM, Encryption and Tokenization, Compliance and Policy Management, Patch Management, Other Software), By Security Type (Network Security, Cloud Security, Application Security, Endpoint and IoT Security), By Deployment Mode (Cloud, On-premises), By Organization Size (Large Enterprises, SMEs), By Vertical (Aerospace and Defense, BFSI, IT and ITeS, Telecommunication, Energy and Utilities, Retail and eCommerce, Healthcare, Transportation and Logistics) And Competitive Landscape
| Product Code: ETC4609467 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 |
According to 6Wresearch internal database and industry insights, the Europe Cyber Security Market was accounted at nearly USD 46 billion in 2024 and is projected to reach nearly USD 80 billion by 2031, exhibiting a compound annual growth rate (CAGR) of around 8.5% during the forecast period (2025–2031).
Below mentioned are the evaluations of year-wise growth rate along with key drivers:
|
Years |
Est. Annual Growth (%) |
Growth Drivers |
|
2020 |
5% |
Increased awareness of phishing and basic endpoint protection among enterprises and public agencies. |
|
2021 |
6.2% |
Acceleration of remote work and digital services increased demand for VPN, identity and endpoint security solutions. |
|
2022 |
7% |
Rise in sophisticated ransomware attacks pushed organisations to upgrade network, email and backup security. |
|
2023 |
7.5% |
A rise in the expansion of cloud workloads and SaaS adoption created demand for cloud security posture management. |
|
2024 |
8% |
Stricter EU regulations and NIS2 readiness drove investments in SIEM, compliance tools and managed security services. |
The Europe Cyber Security Market report thoroughly covers the market by countries, component, software, security type, deployment mode, organization size and vertical. The report provides an unbiased and detailed analysis of ongoing market trends, opportunities/high-growth areas, and market drivers that will help stakeholders devise and align strategies according to current and future market dynamics.
| Report Name | Europe Cyber Security Market |
| Forecast Period | 2025-2031 |
| CAGR | 8.5% |
| Market Size | USD 80 billion by 2031 |
| Growing Sector | BFSI |
Europe Cyber Security Industry is set to grow steadily as enterprises, public authorities and critical infrastructure operators strengthen defences against rising cyber threats. Vendors provide software, hardware and managed services covering identity, network, cloud and endpoint protection to safeguard data, applications and operational systems. Demand is supported by strict regulatory frameworks, expanding digital services, and the need for resilient IT and OT environments in banking, energy, healthcare, transportation and other industries.
Below mentioned are some prominent drivers and their influence on the Europe Cyber Security Market dynamics:
| Drivers | Primary Segments Affected | Why it Matters |
| Stricter EU Regulations | DE, FR, ES; Compliance, SIEM, Services | Drives stronger controls and reporting needs. |
| Cloud & SaaS Growth | UK, DE; Cloud Security, Cloud Deployments | Requires zero-trust and cloud protection. |
| Ransomware Surge | IT, RU, ES; Network, Endpoint Security | Security pushes improvements in firewalls and threat tools. |
| Digital Shift in BFSI & Healthcare | BFSI, Healthcare, Retail; IAM, Encryption | Demands safe authentication and protection of data. |
| Rise of Connected Devices | Energy, Transport, Manufacturing; IoT Security | Increase demand for OT/IoT security. |
Europe Cyber Security Market is expected to grow steadily at around 8.5% CAGR between 2025 and 2031. Market growth is driven by tightening cyber regulations, high-profile incidents and expanding cloud and digital services across verticals. Big enterprises continue to invest in SIEM, identity and access management, endpoint protection and network security to decrease business disruption risks and safeguard sensitive data. BFSI and government agencies improve security operation centers and incorporate advanced analytics for faster detection and response. SMEs increasingly rely on cloud-delivered security and managed services to obtain enterprise-grade protection with limited in-house resources. At the same time, energy, utilities and transport operators strengthen OT security to protect critical infrastructure.
Below mentioned are some major restraints and their influence on the Europe Cyber Security Market dynamics:
| Restraints | Primary Segments Affected | What This Means |
| High Cost of Advanced Security Tools | SIEM, IAM, Firewalls; Services | Expensive tools and skills slow adoption, especially for SMEs. |
| IT–OT Integration Challenges | Hybrid Deployments; Network & IoT Security; Energy, Transport | Legacy systems and mixed environments increase complexity and require expertise. |
| Shortage of Cyber Professionals | Consulting, IR, Training; Large Firms & SMEs | Limited experts reduce ability to manage alerts and incidents effectively. |
| Data Privacy & Sovereignty Issues | Cloud Security; BFSI, Healthcare, Govt | Stringent data regulations slow down cloud adoption and need diligent vendor selection. |
| Fragmented Security Tool Landscape | Software Tools; Large Enterprises; IT & ITeS | Too many tools create complexity and weaken unified visibility and policies. |
Europe Cyber Security Market encounters various challenges such as fragmented regulatory requirements across countries, the need to manage security consistently in hybrid multi-cloud environments and the complexity of securing both IT and OT networks. Organizations must handle large volumes of security alerts and telemetry data while dealing with a shortage of experienced analysts, which may limit their ability to respond quickly to incidents.
Several significant trends are impacting Europe Cyber Security Industry:
Some of the notable investment opportunities are:
Below is the list of prominent companies leading in the Europe Cyber Security Market Share:
| Company Name | Check Point Software Technologies Ltd. |
| Headquarters | Tel Aviv, Israel |
| Established | 1993 |
| Website | Click Here |
Description: Check Point delivers network, cloud and endpoint security platforms adopted by European enterprises and service providers, with consolidated management and advanced threat prevention.
| Company Name | Kaspersky Lab |
| Headquarters | Moscow, Russia |
| Established | 1997 |
| Website | Click Here |
Description: Kaspersky provides endpoint protection, threat intelligence and industrial cyber security solutions widely used across European consumers, SMEs and industrial clients.
| Company Name | Palo Alto Networks, Inc. |
| Headquarters | Santa Clara, California, USA |
| Established | 2005 |
| Website | Click Here |
Description: Palo Alto Networks offers next-generation firewalls, cloud security and extended detection and response (XDR) platforms supporting European organizations on their zero-trust and cloud journeys.
| Company Name | Cisco Systems, Inc. |
| Headquarters | San Jose, California, USA |
| Established | 1984 |
| Website | _ |
Description: Cisco combines networking, security and observability solutions including secure access, email security and firewalls, serving enterprises and service providers across Europe.
| Company Name | International Business Machines Corporation (IBM) |
| Headquarters | Armonk, New York, USA |
| Established | 1911 |
| Website | Click Here |
Description: IBM provides security software, threat intelligence and consulting services, including SIEM and managed security services, supporting European clients in regulated industries.
Government has taken various actions to support the growth of the Europe Cyber Security Market. The EU’s NIS2 Directive and the EU Cybersecurity Act raise security requirements for essential service operators and digital providers and mandatory incident reporting across member countries. GDPR enforcement, further pushes organizations to improve data protection, use encryption and follow strict breach-notification rules. Along with that, in the United Kingdom, the national cyber strategy and NCSC framework encourage secure-by-design practices for public-sector digital systems.
Europe Cyber Security Market Growth is forecasted to continue gaining momentum as organizations move toward integrated, risk-based security architectures. In the upcoming period, cloud deployment is likely to expand faster than traditional on-premises setups, helping security teams scale analytics and monitoring while optimizing costs. Zero-trust principles, identity-centric security and encryption of sensitive information are anticipated to become standard practices across large enterprises and, increasingly, mid-sized firms.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Priya, Senior Research Analyst, 6Wresearch, the United Kingdom leads the Europe Cyber Security Market Size, supported by a large and sophisticated financial sector, strong presence of global technology and security vendors and advanced regulatory practices.
Services are anticipated to dominate and contribute to the Europe Cyber Security Market Growth as organizations increasingly rely on consulting, integration, managed detection and response and training services to operate complex security stacks.
Within software offerings, Identity and Access Management (IAM) is expected to dominate the Europe Cyber Security Market, as secure authentication and authorisation form the core of modern security architectures.
Within the security type segment, Network Security is projected to dominate in value terms, as enterprises and service providers continue to invest in next-generation firewalls, secure web gateways, intrusion prevention and secure connectivity solutions.
Cloud is expected to dominate as enterprises and SMEs adopt cloud-based security for flexibility and scalability. Enables faster rollouts, easier updates and centralized policy management driving strong preference over traditional deployments.
Within the organization size segment, Large Enterprises are projected to dominate, as they manage extensive IT, OT and cloud environments and hold substantial volumes of sensitive data.
Within the specified verticals, BFSI (Banking, Financial Services and Insurance) is projected to dominate in value terms, as financial institutions face strict regulatory requirements, high transaction volumes and strong expectations for data protection and service availability.
The report offers a comprehensive study of the subsequent market segments:
| 1 Executive Summary |
| 2 Introduction |
| 2.1 Key Highlights of the Report |
| 2.2 Report Description |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3 Europe Cyber Security Market Overview |
| 3.1 Europe Regional Macro Economic Indicators |
| 3.2 Europe Cyber Security Market Revenues & Volume, 2021 & 2031F |
| 3.3 Europe Cyber Security Market - Industry Life Cycle |
| 3.4 Europe Cyber Security Market - Porter's Five Forces |
| 3.5 Europe Cyber Security Market Revenues & Volume Share, By Countries, 2021 & 2031F |
| 3.6 Europe Cyber Security Market Revenues & Volume Share, By Component, 2021 & 2031F |
| 3.7 Europe Cyber Security Market Revenues & Volume Share, By Software, 2021 & 2031F |
| 3.8 Europe Cyber Security Market Revenues & Volume Share, By Security Type, 2021 & 2031F |
| 3.9 Europe Cyber Security Market Revenues & Volume Share, By Deployment Mode, 2021 & 2031F |
| 3.10 Europe Cyber Security Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
| 3.11 Europe Cyber Security Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
| 4 Europe Cyber Security Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 Europe Cyber Security Market Trends |
| 6 Europe Cyber Security Market, 2021 - 2031F |
| 6.1 Europe Cyber Security Market, Revenues & Volume, By Component, 2021 - 2031F |
| 6.2 Europe Cyber Security Market, Revenues & Volume, By Software, 2021 - 2031F |
| 6.3 Europe Cyber Security Market, Revenues & Volume, By Security Type, 2021 - 2031F |
| 6.4 Europe Cyber Security Market, Revenues & Volume, By Deployment Mode, 2021 - 2031F |
| 6.5 Europe Cyber Security Market, Revenues & Volume, By Organization Size, 2021 - 2031F |
| 6.6 Europe Cyber Security Market, Revenues & Volume, By Vertical, 2021 - 2031F |
| 7 Germany Cyber Security Market, 2021 - 2031F |
| 7.1 Germany Cyber Security Market, Revenues & Volume, By Component, 2021 - 2031F |
| 7.2 Germany Cyber Security Market, Revenues & Volume, By Software, 2021 - 2031F |
| 7.3 Germany Cyber Security Market, Revenues & Volume, By Security Type, 2021 - 2031F |
| 7.4 Germany Cyber Security Market, Revenues & Volume, By Deployment Mode, 2021 - 2031F |
| 7.5 Germany Cyber Security Market, Revenues & Volume, By Organization Size, 2021 - 2031F |
| 7.6 Germany Cyber Security Market, Revenues & Volume, By Vertical, 2021 - 2031F |
| 8 United Kingdom Cyber Security Market, 2021 - 2031F |
| 8.1 United Kingdom Cyber Security Market, Revenues & Volume, By Component, 2021 - 2031F |
| 8.2 United Kingdom Cyber Security Market, Revenues & Volume, By Software, 2021 - 2031F |
| 8.3 United Kingdom Cyber Security Market, Revenues & Volume, By Security Type, 2021 - 2031F |
| 8.4 United Kingdom Cyber Security Market, Revenues & Volume, By Deployment Mode, 2021 - 2031F |
| 8.5 United Kingdom Cyber Security Market, Revenues & Volume, By Organization Size, 2021 - 2031F |
| 8.6 United Kingdom Cyber Security Market, Revenues & Volume, By Vertical, 2021 - 2031F |
| 9 France Cyber Security Market, 2021 - 2031F |
| 9.1 France Cyber Security Market, Revenues & Volume, By Component, 2021 - 2031F |
| 9.2 France Cyber Security Market, Revenues & Volume, By Software, 2021 - 2031F |
| 9.3 France Cyber Security Market, Revenues & Volume, By Security Type, 2021 - 2031F |
| 9.4 France Cyber Security Market, Revenues & Volume, By Deployment Mode, 2021 - 2031F |
| 9.5 France Cyber Security Market, Revenues & Volume, By Organization Size, 2021 - 2031F |
| 9.6 France Cyber Security Market, Revenues & Volume, By Vertical, 2021 - 2031F |
| 10 Italy Cyber Security Market, 2021 - 2031F |
| 10.1 Italy Cyber Security Market, Revenues & Volume, By Component, 2021 - 2031F |
| 10.2 Italy Cyber Security Market, Revenues & Volume, By Software, 2021 - 2031F |
| 10.3 Italy Cyber Security Market, Revenues & Volume, By Security Type, 2021 - 2031F |
| 10.4 Italy Cyber Security Market, Revenues & Volume, By Deployment Mode, 2021 - 2031F |
| 10.5 Italy Cyber Security Market, Revenues & Volume, By Organization Size, 2021 - 2031F |
| 10.6 Italy Cyber Security Market, Revenues & Volume, By Vertical, 2021 - 2031F |
| 11 Russia Cyber Security Market, 2021 - 2031F |
| 11.1 Russia Cyber Security Market, Revenues & Volume, By Component, 2021 - 2031F |
| 11.2 Russia Cyber Security Market, Revenues & Volume, By Software, 2021 - 2031F |
| 11.3 Russia Cyber Security Market, Revenues & Volume, By Security Type, 2021 - 2031F |
| 11.4 Russia Cyber Security Market, Revenues & Volume, By Deployment Mode, 2021 - 2031F |
| 11.5 Russia Cyber Security Market, Revenues & Volume, By Organization Size, 2021 - 2031F |
| 11.6 Russia Cyber Security Market, Revenues & Volume, By Vertical, 2021 - 2031F |
| 12 Spain Cyber Security Market, 2021 - 2031F |
| 12.1 Spain Cyber Security Market, Revenues & Volume, By Component, 2021 - 2031F |
| 12.2 Spain Cyber Security Market, Revenues & Volume, By Software, 2021 - 2031F |
| 12.3 Spain Cyber Security Market, Revenues & Volume, By Security Type, 2021 - 2031F |
| 12.4 Spain Cyber Security Market, Revenues & Volume, By Deployment Mode, 2021 - 2031F |
| 12.5 Spain Cyber Security Market, Revenues & Volume, By Organization Size, 2021 - 2031F |
| 12.6 Spain Cyber Security Market, Revenues & Volume, By Vertical, 2021 - 2031F |
| 13 Rest of Europe Cyber Security Market, 2021 - 2031F |
| 13.1 Rest of Europe Cyber Security Market, Revenues & Volume, By Component, 2021 - 2031F |
| 13.2 Rest of Europe Cyber Security Market, Revenues & Volume, By Software, 2021 - 2031F |
| 13.3 Rest of Europe Cyber Security Market, Revenues & Volume, By Security Type, 2021 - 2031F |
| 13.4 Rest of Europe Cyber Security Market, Revenues & Volume, By Deployment Mode, 2021 - 2031F |
| 13.5 Rest of Europe Cyber Security Market, Revenues & Volume, By Organization Size, 2021 - 2031F |
| 13.6 Rest of Europe Cyber Security Market, Revenues & Volume, By Vertical, 2021 - 2031F |
| 14 Europe Cyber Security Market Key Performance Indicators |
| 15 Europe Cyber Security Market - Opportunity Assessment |
| 15.1 Europe Cyber Security Market Opportunity Assessment, By Countries, 2021 & 2031F |
| 15.2 Europe Cyber Security Market Opportunity Assessment, By Component, 2021 & 2031F |
| 15.3 Europe Cyber Security Market Opportunity Assessment, By Software, 2021 & 2031F |
| 15.4 Europe Cyber Security Market Opportunity Assessment, By Security Type, 2021 & 2031F |
| 15.5 Europe Cyber Security Market Opportunity Assessment, By Deployment Mode, 2021 & 2031F |
| 15.6 Europe Cyber Security Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
| 15.7 Europe Cyber Security Market Opportunity Assessment, By Vertical, 2021 & 2031F |
| 16 Europe Cyber Security Market - Competitive Landscape |
| 16.1 Europe Cyber Security Market Revenue Share, By Companies, 2024 |
| 16.2 Europe Cyber Security Market Competitive Benchmarking, By Operating and Technical Parameters |
| 17 Company Profiles |
| 18 Recommendations |
| 19 Disclaimer |