Europe Security Analytics Market Key Players and Forecast by 2028

The security analytics market in Europe is expected to grow from US$ 3,644.38 million in 2021 to US$ 9,823.07 million by 2028; it is estimated to grow at a CAGR of 15.2% from 2021 to 2028.

The surge in telecomputing has potentially increased the use of vulnerable devices and services, including virtual private networks (VPN), posing a threat to any organization. With the rising use of the Internet, the demand for telecomputing is also increasing in businesses. Furthermore, during the COVID-19 outbreak, businesses have to follow the government norms of remote working. Thus, the number of virtual private networks (VPNs) increased to facilitate data sharing and connecting all devices together. Also, online communication platforms, such as Zoom and Skype, have witnessed a substantial rise across several organizations, making business processes vulnerable against malicious activities and ransomware and phishing attacks, as they are more exposed to open platforms. These situations have led to offering customized and robust analytics-driven security solutions to organizations. For instance, Unify Square, Inc. offers PowerSuite tool that helps manage, amplify, and secure business environment with Zoom analytics solutions. Hence, with the growing adoption of advanced technologies, security analytics systems have also increased, resulting in significant growth in the Europe market.

In 2020, the impact of the COVID-19 outbreak differed from country to country across the European region as selected countries witnessed an increase in the number of recorded cases and subsequently attracted strict and longer lockdown periods or social isolation. However, its impact on Western European countries, such as Germany, France, and the UK, was comparatively modest because of their robust healthcare systems. To protect citizens from the virus, the European governments have made tremendous investments in incorporating technologies in healthcare systems to help identify signs of the virus. In 2021, the offices resumed operations after releasing lockdown measures and the ongoing vaccination process.

The COVID-19 pandemic has negatively impacted almost every industry. However, the security industry of information and communications technology was not affected as other industries since businesses allowed their employees to work from home. Due to work-from-home facilities, organizations are realizing the importance of security analytics systems to give businesses the ability to foresee security threats using analytics software. Its value has increased exponentially during the COVID-19 pandemic as threats could destroy the infrastructure of a business and its systems. All these factors are contributing to the positive growth of the security analytics market in the region. 

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe security analytics market. The Europe security analytics market is expected to grow at a good CAGR during the forecast period.

Europe Security AnalyticsMarket Revenue and Forecast to 2028 (US$ Million)

Europe Security Analytics Market Segmentation

Europe Security Analytics Market – By Component

• Solution
• Services

Europe Security Analytics Market – By Deployment

• On-Premise
• Cloud-Based

Europe Security Analytics Market – By Application

• Network Security Analytics
• Endpoint Security Analytics
• Application Security Analytics
• Web Security Analytics
• Others

Europe Security Analytics Market – By Organization Size

• Small and Medium Enterprises
• Large Enterprises

Europe Security Analytics Market, by Country

• Germany
• UK
• France
• Italy
• Russia
• Rest of Europe

Europe Security Analytics Market - Companies Mentioned

• Broadcom, Inc.
• Cisco Systems, Inc.
• Hewlett Packard Enterprise Development LP (HPE)
• Huntsman Corporation
• IBM Corporation
• McAfee, LLC
• Rapid7
• RSA Security LLC
• SolarWinds Worldwide, LLC
• Splunk, Inc.

Europe Security Analytics Report Scope