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Europe Cybersecurity Markets Report 2021-2027: Focus on IT & Telecom, Retails, BFSI, Healthcare, Defense/Government, AutomotiveDUBLIN, July 27, 2021 /PRNewswire/ -- The "Europe Cybersecurity Market, Share by Segment, Component, Country, Company Initiatives, Overview, Sales Analysis, Forecast" report has been added to ResearchAndMarkets.com's offering. The Europe Cybersecurity Market is estimated to reach US$ 22.67 Billion by 2027 from US$ 8.56 Billion in 2020, growing at a CAGR of 14.93% during 2020-2027. 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. Hackers have begun using malware, such as Danabot, Odinaff, and Backswap, Camubot, to target banks that rely on the SWIFT network to send money-moving messages. The growing gvernment regulations on data privacy, increasing cyber intimidations, and a swelling number of data centres are the most vital income generators for the Defence/Government cybersecurity market. The European cyber security market for the Internet of Things (IoT) and connected device are in a growing phase. Germany, United Kingdom, France, and Italy, are leading European countries to adopt IoT and connected device. However, many consumers across Europe are also seeing the importance of wearables devices and increasingly understand the benefits. The severity of cyber breaches has become more and more intense in recent years across European countries. The threat to UK companies from hackers and other malicious elements online was magnified in 2020. The number of attacks continued to grow, and cyber security has become increasingly important to many more parts of the UK economy.
For more information about this report visit https://www.researchandmarkets.com/r/xz9i3y Media Contact: For E.S.T Office Hours Call +1-917-300-0470 U.S. Fax: 646-607-1904 View original content:https://www.prnewswire.com/news-releases/europe-cybersecurity-markets-report-2021-2027-focus-on-it--telecom-retails-bfsi-healthcare-defensegovernment-automotive-301342051.html SOURCE Research and Markets |