The Europe security as a service market is expected to grow from US$ 3,614.26 million in 2022 to US$ 9,435.01 million by 2028; it is estimated to grow at a CAGR of 17.3% from 2022 to 2028.

Small and medium-sized businesses are increasingly focusing on streamlining their business models by implementing cloud services to increase market efficiency. Additionally, SMEs lack strong security measures to protect their files, networks, endpoints, and apps from cyber-attackers to simplify their operations. Therefore, cloud-based data management solutions and service providers are predicted to experience the significant potential for innovation and the adoption of better security solutions as SMEs focus on cloud services, which will fuel the market for security as a service. According to a recent Interpol assessment on the rise in cybercrime during the COVID-19 epidemic, phishing, scams, and frauds accounted for nearly 59% of all reported cyberthreats. The research says that this trend will probably get worse because of the economic downturn and changes in the corporate environment brought on by the epidemic.

Vendors in the security as a service market can attract new customers and expand their footprints in emerging markets by offering products with new features and technologies. This factor is likely to drive the Europe security as a service market at a good CAGR during the forecast period.

Europe Security As A Service Market Revenue and Forecast to 2028 (US$ Million)

Europe Security As A Service Market Segmentation

The Europe security as a service market is segmented on the basis of component, organization size, application, vertical, and country. Based on component, the market is segmented into solution and service. The solution segment dominated the market in 2022, and the service segment is expected to register the highest CAGR during forecast period. Based on organization size, the market is segmented into small and medium enterprises and large enterprises. The large enterprises segment dominated the market in 2022 and small and medium enterprises segment is expected to register the highest CAGR during the forecast period. Based on application, the Europe security as a service market is segmented into network security, endpoint security, application security, cloud security, and others. The network security segment dominated the market in 2022, and the application security segment is expected to register the highest CAGR during the forecast period. Based on vertical, the Europe security as a service market is segmented into BFSI, government & defense, retail, healthcare, IT & telecom, energy & utilities, manufacturing, and others. The BFSI segment dominated the market in 2022 and is expected to register the highest CAGR during the forecast period. Based on country, the Europe security as a service market is segmented into UK, Germany, France, Italy, Russia, and Rest of Europe.

Alert Logic, Inc.; Barracuda Networks, Inc.; Clearswift; IBM Corporation; McAfee, LLC; Microsoft Corporation; Radware; Silversky; Trend Micro Incorporated; and Zscaler, Inc.

are among the leading companies in the Europe security as a service market.

TABLE OF CONTENTS

1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
3.4 Industrial Segment Analysis
4. Europe Security As A Service Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Security As A Service–Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Adoption of Cloud Infrastructure
5.1.2 Increasing Government Initiatives to Promote Cyber security
5.2 Market Restraints
5.2.1 Ability of Vendors to Access Confidential Data
5.3 Market Opportunities
5.3.1 Increasing Adoption of BYOD Modelling
5.4 Market Trend
5.4.1 Multi Cloud Infrastructure
5.5 Impact Analysis of Drivers and Restraints
6. Security As A Service Market – Europe Analysis
6.1 Europe Security As A Service Market Overview
6.2 Europe Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
7. Europe Security As A Service Market Analysis – By Component
7.1 Overview
7.2 Europe Security As A Service Market Breakdown, by Component, 2021 & 2028
7.3 Solution
7.3.1 Overview
7.3.2 Solution Market Revenue and Forecast to 2028 (US$ Million)
7.4 Service
7.4.1 Overview
7.4.2 Service Market Revenue and Forecast to 2028 (US$ Million)
8. Europe Security As A Service Market Analysis – By Organization Size
8.1 Overview
8.2 Europe Security as a Service Market Breakdown, by Organization Size, 2021 & 2028
8.3 Small and Medium Enterprises
8.3.1 Overview
8.3.2 Small and Medium Enterprises Market Revenue and Forecast to 2028 (US$ Million)
8.4 Large Enterprises
8.4.1 Overview
8.4.2 Large Enterprises Market Revenue and Forecast to 2028 (US$ Million)
9. Europe Security As A Service Market Analysis – By Application
9.1 Overview
9.2 Security as a Service Market Breakdown, by Application, 2021 & 2028
9.3 Network Security
9.3.1 Overview
9.3.2 Network Security Market Revenue and Forecast to 2028 (US$ Million)
9.4 Endpoint Security
9.4.1 Overview
9.4.2 Endpoint Security Market Revenue and Forecast to 2028 (US$ Million)
9.5 Application Security
9.5.1 Overview
9.5.2 Application Security Market Revenue and Forecast to 2028 (US$ Million)
9.6 Cloud Security
9.6.1 Overview
9.6.2 Cloud Security Market Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others Market Revenue and Forecast to 2028 (US$ Million)
10. Europe Security As A Service Market Analysis – By Vertical
10.1 Overview
10.2 Security As A Service Market Breakdown, by Vertical, 2021 & 2028
10.3 BFSI
10.3.1 Overview
10.3.2 BFSI Market Revenue and Forecast to 2028 (US$ Million)
10.4 Government & Defence
10.4.1 Overview
10.4.2 Government & Defence Market Revenue and Forecast to 2028 (US$ Million)
10.5 Retail
10.5.1 Overview
10.5.2 Retail Market Revenue and Forecast to 2028 (US$ Million)
10.6 Healthcare
10.6.1 Overview
10.6.2 Healthcare Market Revenue and Forecast to 2028 (US$ Million)
10.7 IT & Telecom
10.7.1 Overview
10.7.2 IT & Telecom Market Revenue and Forecast to 2028 (US$ Million)
10.8 Energy & Utilities
10.8.1 Overview
10.8.2 Energy & Utilities Market Revenue and Forecast to 2028 (US$ Million)
10.9 Manufacturing
10.9.1 Overview
10.9.2 Manufacturing Market Revenue and Forecast to 2028 (US$ Million)
10.10 Others
10.10.1 Overview
10.10.2 Others Market Revenue and Forecast to 2028 (US$ Million)
11. Europe Security As A Service Market – Country Analysis
11.1 Overview
11.1.1 Europe: Security As A Service Market, By Country
11.1.1.1 UK: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 UK: Security As A Service Market, By Component
11.1.1.1.2 UK: Security As A Service Market, By Organization Size
11.1.1.1.3 UK: Security As A Service Market, By Application
11.1.1.1.4 UK: Security As A Service Market, By Vertical
11.1.1.2 Germany: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 Germany: Security As A Service Market, By Component
11.1.1.2.2 Germany: Security As A Service Market, By Organization Size
11.1.1.2.3 Germany: Security As A Service Market, By Application
11.1.1.2.4 Germany: Security As A Service Market, By Vertical
11.1.1.3 France: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 France: Security As A Service Market, By Component
11.1.1.3.2 France: Security As A Service Market, By Organization Size
11.1.1.3.3 France: Security As A Service Market, By Application
11.1.1.3.4 France: Security As A Service Market, By Vertical
11.1.1.4 Italy: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.1 Italy: Security As A Service Market, By Component
11.1.1.4.2 Italy: Security As A Service Market, By Organization Size
11.1.1.4.3 Italy: Security As A Service Market, By Application
11.1.1.4.4 Italy: Security As A Service Market, By Vertical
11.1.1.5 Russia: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.1 Russia: Security As A Service Market, By Component
11.1.1.5.2 Russia: Security As A Service Market, By Organization Size
11.1.1.5.3 Russia: Security As A Service Market, By Application
11.1.1.5.4 Russia: Security As A Service Market, By Vertical
11.1.1.6 Rest of Europe: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.1 Rest of Europe: Security As A Service Market, By Component
11.1.1.6.2 Rest of Europe: Security As A Service Market, By Organization Size
11.1.1.6.3 Rest of Europe: Security As A Service Market, By Application
11.1.1.6.4 Rest of Europe: Security As A Service Market, By Vertical
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
13. Company Profiles
13.1 Alert Logic, Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Barracuda Networks, Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Clearswift
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Silversky
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 IBM Corporation
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 McAfee, LLC
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Microsoft Corporation
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Radware
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Trend Micro Incorporated
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Zscaler, Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index

LIST OF TABLES

Table 1. Europe Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. UK Security As A Service Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 3. UK Security As A Service Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 4. UK Security As A Service Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. UK Security As A Service Market, By Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 6. Germany Security As A Service Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 7. Germany Security As A Service Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 8. Germany Security As A Service Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. Germany Security As A Service Market, By Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 10. France Security As A Service Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 11. France Security As A Service Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 12. France Security As A Service Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 13. France Security As A Service Market, By Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 14. Italy Security As A Service Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 15. Italy Security As A Service Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 16. Italy Security As A Service Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 17. Italy Security As A Service Market, By Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 18. Russia Security As A Service Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 19. Russia Security As A Service Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 20. Russia Security As A Service Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 21. Russia Security As A Service Market, By Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of Europe Security As A Service Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Europe Security As A Service Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Europe Security As A Service Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of Europe Security As A Service Market, By Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 26. List of Abbreviation
 
 
 

LIST OF FIGURES

Figure 1. Europe Security As A Service Market Segmentation
Figure 2. Europe Security As A Service Market Segmentation – By Country
Figure 3. Europe Security As A Service Market Overview
Figure 4. Europe Security As A Service Market, By Component
Figure 5. Europe Security As A Service Market, By Country
Figure 6. Europe – PEST Analysis
Figure 7. Expert Opinion
Figure 8. Europe Security As A Service Market Impact Analysis of Drivers and Restraints
Figure 9. Europe Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. Europe Security As A Service Market Breakdown, by Component (2021 and 2028)
Figure 11. Europe Solution Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. Europe Service Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe Security As A Service Market Breakdown, by Organization Size (2021 and 2028)
Figure 14. Europe Small and Medium Enterprises Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Large Enterprises Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Security As A Service Market Breakdown, by Application (2021 and 2028)
Figure 17. Europe Network Security Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe Endpoint Security Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe Application Security Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe Cloud Security Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Europe Others Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe Security As A Service Market Breakdown, by Vertical (2021 and 2028)
Figure 23. Europe BFSI Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Europe Government & Defense Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Europe Retail Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Europe Healthcare Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Europe IT & Telecom Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Europe Energy & Utilities Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Europe Manufacturing Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. Europe Others Market Revenue and Forecast to 2028 (US$ Million)
Figure 31. Europe Security As A Service Market, by Key Country – Revenue (2021) (US$ Million)
Figure 32. Europe Security As A Service Market Revenue Share, By Country (2021 and 2028)
Figure 33. UK: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Germany: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. France: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Italy: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Russia: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Rest of Europe: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe security as a service market.
● Highlights key business priorities in order to assist companies to realign their business strategies
● The key findings and recommendations highlight crucial progressive industry trends in the Europe security as a service market, thereby allowing players across the value chain to develop effective long-term strategies
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
● Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the security as a service market, as well as those hindering it
● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

The List of Companies – Europe Security As A Service Market

● Alert Logic, Inc.
● Barracuda Networks, Inc.
● Clearswift
● IBM Corporation
● McAfee, LLC
● Microsoft Corporation
● Radware
● Silversky
● Trend Micro Incorporated
● Zscaler, Inc.

At 17.3% CAGR, the Europe Security As A Service Market is speculated to be worth US$ 9,435.01 million by 2028, says The Insight Partners According to The Insight Partners’ research, the Europe security as a service market was valued at US$ 3,614.26 million in 2022 and is expected to reach US$ 9,435.01 million by 2028, registering an annual growth rate of 17.3% from 2022 to 2028. Increasing government initiatives to promote cyber security and increasing adoption of cloud infrastructure are the critical factors attributed to the market expansion.

A major part of several countries’ national cybersecurity strategies is creating a “cyber-secure nation” for enterprises and individuals. The growth of secret organizational data, the increase in cybercrime activity, and the development of mobile device trends are the main factors driving the security as a service industry. The use of cloud technologies has grown significantly over time, which has increased the demand for more dependable and affordable security solutions. Significant market prospects are created by the rise of e-business, growing awareness of data protection, the trend of bringing your own device (BYOD), and acceptance of managed security measures. The need for sound governance has increased because of the Indian government’s initiatives on cybersecurity, which have caused the governance structure to change quickly. The program would urge CISOs and front-line IT personnel from all government agencies to educate themselves on cybercrime and develop their self-defense skills. It is anticipated that such government policies to reduce potential cyber dangers and attacks will open up new business prospects during the projected period.

On the contrary, ability of vendors to access confidential data hurdles the growth of Europe security as a service market.

Based on component, the Europe security as a service market is segmented into solution and service. The solution segment held 61.1% market share in 2022, amassing US$ 2,209.79 million. It is projected to garner US$ 5,677.99 million by 2028 to expand at 17.0% CAGR during 2022–2028.

Based on organization size, the Europe security as a service market is segmented into small and medium enterprises and large enterprises. The large enterprises segment held 70.0% market share in 2022, amassing US$ 2,530.42 million. It is projected to garner US$ 6,481.63 million by 2028 to expand at 17.0% CAGR during 2022–2028.

Based on application, the Europe security as a service market is segmented into network security, endpoint security, application security, cloud security, and others. The network security segment held 27.5% market share in 2022, amassing US$ 995.50 million. It is projected to garner US$ 2,514.13 million by 2028 to expand at 16.7% CAGR during 2022–2028.

Based on vertical, the Europe security as a service market is segmented into BFSI, government & defense, retail, healthcare, IT & telecom, energy & utilities, manufacturing, and others. The BFSI segment held 22.9% market share in 2022, amassing US$ 829.14 million. It is projected to garner US$ 2,351.75 million by 2028 to expand at 19.0% CAGR during 2022–2028.

Based on country, the Europe security as a service market is segmented into UK, Germany, France, Italy, Russia, and Rest of Europe. Our regional analysis states that Rest of Europe captured 28.0% market share in 2022. It was assessed at US$ 1,012.59 million in 2022 and is likely to hit US$ 2,457.82 million by 2028, exhibiting a CAGR of 15.9% during the forecast period.

Key players dominating the Europe security as a service market are Alert Logic, Inc.; Barracuda Networks, Inc.; Clearswift; IBM Corporation; McAfee, LLC; Microsoft Corporation; Radware; Silversky; Trend Micro Incorporated; and Zscaler, Inc. among others.

In 2022, HelpSystems will acquire Alert Logic in order to provide customers with a hybrid IT approach to address the shortage of cybersecurity skills. In 2022, Randori, a provider of offensive cyber protection and attack surface management, will be acquired by IBM. IBM intends to combine Randori’s software with the extended detection and response (XDR) features of IBM Security QRadar, according to ITPro.