March 11, 2020
The report titled ‘Europe Endpoint Security Market Analysis By Component, Deployment Model, Application, Regional Outlook, Industry Report, Growth Analysis & Forecast, 2017 – 2024’, available with Market Study Report LLC, elaborates on the industry dynamics and presents detailed analysis of product terrain, application landscape, and regional outlook of Europe endpoint security market.
According to the study, Europe endpoint security market is projected to amass USD 1.5 billion by the year 2024. Increasing internet penetration along with rapid expansion of ICT and telecommunications equipment & services is driving the growth of Europe endpoint security market. Growing inclination towards online payment services, in tandem with focus towards efficiently managing the national network infrastructure has led to an increased risk of cyber-attacks, thereby fostering the demand for implementation of advanced endpoint security solutions. Inflowing government investments for cybersecurity programs will further support the market growth during the study period.
Based on the deployment model, cloud deployment model segment is presumed to grow with a CAGR of 9% during 2017-2024. The growth is attributable to the increasing adoption of cloud computing platforms on account of rapid expansion of data centers across the globe. Surging investments by SMEs towards cybersecurity solutions facilitated by cloud platforms will boost the segment growth in the forthcoming years.
Considering the geographical landscape, Europe endpoint security market is segmented into UK, Germany, France, Italy, Spain, and Netherlands. As per the report, UK endpoint security market is slated to record substantial growth in the coming years. Quick response time to cybercrimes, growing interest towards cybersecurity education and developing skills with a focus to strengthen work relationships with other countries, global businesses, and organizations are driving the regional market growth.
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Prominent players of Europe endpoint security market are Comodo, Kaspersky Lab, Webroot Cisco, F-Secure, ESET, McAfee, Symantec, Microsoft, Trend Micro, Ahnlab, Sophos, IBM, Panda Security, and VIPRE. These industry behemoths are focused on developing agile and robust cybersecurity solutions to amplify their market share by attracting SMEs and other enterprises.
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