Europe Phishing Protection Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis
No. of Pages: 162 | Report Code: BMIRE00031971 | Category: Technology, Media and Telecommunications
No. of Pages: 162 | Report Code: BMIRE00031971 | Category: Technology, Media and Telecommunications
The Europe phishing protection market was valued at US$ 556.51 million in 2023 and is expected to reach US$ 1,308.34 million by 2031; it is estimated to register a CAGR of 11.3% from 2023 to 2031.
Governments and regulatory bodies across the world are actively designing and implementing serious data protection regulations. For instance, the GDPR imposed in the European Union in 2018 contains provisions for heavy penalties when there is an invasion of personal information privacy; these also include breaches resulting from phishing attacks. Also, Payment Card Industry Data Security Standard (PCI DSS) is a global standard for the protection of payment card data.
As regulations continue to evolve and become more stringent, target organizations proactively invest in comprehensive phishing protection solutions to avoid potential fines and legal issues, along with demonstrating a commitment to protecting sensitive data; this also helps them restore customer trust in them and improves brand reputation. Thus, stringent regulatory compliance requirements propel the growth of the phishing protection market during the forecast period.
The increasing cyber threats and strict data protection laws, such as the General Data Protection Regulation (GDPR), are the significant factors driving the phishing protection market in Europe. Darktrace, a UK-based cybersecurity company, employs machine learning to instantly identify and block advanced e-mails. Large-scale National Health Service (NHS) trusts in Germany and several other European entities have implemented the "Antigena Email" program of Darktrace. Further, F-Secure, Finland, unifies machine learning-based threat intelligence with human knowledge in its phishing prevention products. In collaboration with numerous European banks, the firm shields clients from financial fraud attempts. Thus, these companies contribute notably to the phishing protection market growth in Europe with their innovative offerings.
Many SMEs in Europe are adopting cloud-based phishing protection services. Hornet security, a computer security service provider based in Germany, reported a 40.0% increase in the number of SMEs using its cloud-based e-mail security services in 2022. Market players in European countries are striving to introduce integrated security platforms with innovative multifactor authentication and behavioral analysis features with the evolving forms of phishing attacks to provide comprehensive protection against persistent threats.
The Europe phishing protection market is categorized into offerings, deployment, type, enterprise size, vertical, and country.
Based on offerings, the Europe phishing protection market is bifurcated into solution and services. The solution segment held a larger market share in 2023.
In terms of deployment, the Europe phishing protection market is bifurcated into on-premises and cloud. The cloud segment held a larger market share in 2023.
By type, the Europe phishing protection market is bifurcated into email-based phishing and non-email-based phishing. The email-based phishing segment held a larger market share in 2023.
Based on enterprise size, the Europe phishing protection market is bifurcated into large enterprises and small and medium enterprises. The large enterprises segment held a larger market share in 2023.
In terms of vertical, the Europe phishing protection market is categorized into BFSI, media and entertainment, IT and telecom, retail and e-commerce, government and public sector, and others. The BFSI segment held the largest market share in 2023.
By country, the Europe phishing protection market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The UK dominated the Europe phishing protection market share in 2023.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 556.51 Million |
| Market Size by 2031 | US$ 1,308.34 Million |
| Global CAGR (2023 - 2031) | 11.3% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Offerings
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
Microsoft Corp, Cisco Systems Inc, Open Text Corp, Barracuda Networks, Inc., SlashNext, Inc., Ironscales, Proofpoint Inc, Mimecast Services Limited, Paubox, Inc, and Trustwave Holdings, Inc., are among the leading companies operating in the Europe phishing protection market.
The Europe Phishing Protection Market is valued at US$ 556.51 Million in 2023, it is projected to reach US$ 1,308.34 Million by 2031.
As per our report Europe Phishing Protection Market, the market size is valued at US$ 556.51 Million in 2023, projecting it to reach US$ 1,308.34 Million by 2031. This translates to a CAGR of approximately 11.3% during the forecast period.
The Europe Phishing Protection Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Phishing Protection Market report:
The Europe Phishing Protection Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Phishing Protection Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Phishing Protection Market value chain can benefit from the information contained in a comprehensive market report.
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