Europe Database Security Market
No. of Pages: 127 | Report Code: TIPRE00026617 | Category: Technology, Media and Telecommunications
No. of Pages: 127 | Report Code: TIPRE00026617 | Category: Technology, Media and Telecommunications
The European database security market is dominated by Germany, France, the UK, and Italy. Uninterrupted economic expansion in European countries signified opportunities for the growth of the database security market players. The demand for database security is increasing with a surge in cybercrime in European countries. Western Europe is well-known for the higher income levels of residents and continuous efforts for economic improvements. Furthermore, each country in the western province contributes significantly to the European database security market owing to the presence of wholesale and retail trade, transport, accommodation and food services industrial players with vast experience, which leads to significant competition among the market players. Western European countries have a greater GDP per capita than the rest of the region. Exponential rise in potential for cyberattacks with popularity of internet of things and bring-your-own-device concepts is the major factor driving the growth of the Europe database security market.
Spain, Italy, Germany, UK, and France are some of the worst affected member states in the European region due to the COVID-19 outbreak. Businesses in the region are facing severe economic difficulties as they had either to suspend their operations or reduce their activities in a substantial manner. Owing to business shutdown, the region is anticipated to face an economic slowdown in 2020 and most likely in 2021 also. The member states of Europe, such as Italy, Spain, and Germany, have implemented drastic measures, travel restrictions, and shutdown of schools and colleges to limit the spread of coronavirus among its citizens. However, the COVID-19 crisis positively impacted the growth of some sectors, such as software and technology. The demand for digital solutions, especially has grown at a high rate in the past few months. A significant number of corporates have taken significant initiatives to volunteer to the affected areas. As a result, the adoption rate of volunteering platform is expected to grow in the coming years to manage all the operations. Italy, Spain, Germany, UK, and France database security markets are anticipated to see the moderate impact in 2020. However, this impact is temporary and is expected to drive SMEs to adopt digital solutions in the coming years.
Strategic insights for the Europe Database Security provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1833.86 Million |
| Market Size by 2028 | US$ 5005.82 Million |
| Global CAGR (2021 - 2028) | 15.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Database Security refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The database security market in Europe is expected to grow from US$ 1833.86 million in 2021 to US$ 5005.82 million by 2028; it is estimated to grow at a CAGR of 15.4% from 2021 to 2028. In 2020, there has been a surge in the expansion of cloud-based applications and services across the world; over the next two years, three out of every four enterprises (75%) plan to build more applications on the cloud. The cloud has gone beyond being just a foundation for the development of new applications, and it is quickly becoming a popular and preferred location for hosting existing business-critical apps. Enterprises plan to use cloud platforms for new and expanded purposes, whether they are early in the adoption cycle or seasoned cloud users. Thus, the expansion of cloud-based applications and services is creating lucrative opportunities for the database security market players.
The Europe database security market is segmented into component, organization size, industry, and country. Based on component, Europe market is divided into software and services. The solution segment dominated the market in 2020 and services segment is expected to be the fastest growing during the forecast period. By organization size, the Europe market is broadly classified into SMEs and large enterprise. The large enterprises segment dominated the market in 2020 and SMEs segment is expected to be the fastest growing during the forecast period. On the basis of industry, the market is segmented into BFSI, and IT and telecom, manufacturing, healthcare, government, retail, and others. The BFSI segment dominated the market in 2020 and others segment is expected to be the fastest growing during the forecast period.
A few major primary and secondary sources referred to for preparing this report on database security market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Fortinet,Inc.; IBM Corporation; McAfee, LLC; Micro Focus; Oracle Corporation; SAP SE; Thales Group; and Trustwave Holdings, Inc. are among others.
The Europe Database Security Market is valued at US$ 1833.86 Million in 2021, it is projected to reach US$ 5005.82 Million by 2028.
As per our report Europe Database Security Market, the market size is valued at US$ 1833.86 Million in 2021, projecting it to reach US$ 5005.82 Million by 2028. This translates to a CAGR of approximately 15.4% during the forecast period.
The Europe Database Security 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 Database Security Market report:
The Europe Database Security Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Database Security Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Database Security Market value chain can benefit from the information contained in a comprehensive market report.
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