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Europe AI in Cybersecurity Market Size, Share, Analysis: By Offering: Hardware, Solution, Service; By Security Type: Endpoint Security, Network Security, Cloud Security, Application Security; By Deployment Mode: Coud, On-Premise; By Technology: Machine Learning, Others; By Industrial Vertical; Regional Analysis; Competitive Landscape; 2024-2032
Europe AI in Cybersecurity Market Outlook
The Europe AI in cybersecurity market size reached USD 4,255.3 million in 2023. The market is expected to grow at a CAGR of 17.76% between 2024 and 2032, reaching USD 18,301.1 million by 2032.
Key Takeaways:
- The EU Cyber Resilience Act, unveiled on September 15, 2022, proposes unified cybersecurity regulations for products incorporating digital components.
- Eurostat reports that EU banking sector assets totalled €39,219 billion in 2020, equivalent to 292% of the EU's GDP.
- Eurostat data shows that in 2020, Germany (12.8%) and France (12.2%) had the greatest healthcare spending as a proportion of GDP among EU member nations.
BFSI drives the Europe AI in cybersecurity market growth by leveraging its capability to swiftly analyse large datasets, detecting anomalies and potential threats which aids in uncovering fraudulent activities like unauthorized account access or unusual transaction patterns
AI-powered cybersecurity in the banking, financial services, and insurance (BFSI) sectors strengthens threat detection by rapidly identifying anomalies and fraud, uses pattern learning to prevent fraudulent activities, accurately evaluates risks, personalizes customer experiences, automates compliance measures, and streamlines cybersecurity tasks for more efficient responses and reduced workloads.
The EU launched its first Cybersecurity Certification scheme, EUCC, in January 2024, aimed at improving cybersecurity for IT products and services across its member states. Developed by ENISA in collaboration with member states, it replaces national certifications and provides a standardized assessment process for ICT suppliers, promoting competitiveness and enhancing security measures.
In the automotive and transportation industry, AI reinforces vehicle security against hacking, predicts maintenance requirements for better performance, identifies hazards to enhance road safety, optimizes traffic flow for efficiency, monitors cargo to secure supply chains, and protects infotainment systems from cyber threats, ensuring driver privacy and data security.
Market Segmentation
Europe AI in Cybersecurity Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Offering
- Hardware
- Solution
- Service
Market Breakup by Security Type
- Endpoint Security
- Network Security
- Cloud Security
- Application Security
Market Breakup by Deployment Mode
- Cloud
- On-Premise
Market Breakup by Technology
- Machine Learning
- Context-aware Computing
- Natural Language Processing
Market Breakup by Industrial Vertical
- BFSI
- Automotive and Transportation
- Retail and E-Commerce
- Manufacturing
- Government and Defense
- Healthcare
- Others
Market Breakup by Country
- United Kingdom
- Germany
- France
- Italy
- Others
The Europe AI in cybersecurity market key players are Samsung Electronics Co., Ltd., Amazon Web Services, Inc., Sophos Ltd., Hornetsecurity Ltd., Darktrace Holdings Limited, WISeKey International Holding Ltd., Acronis International GmbH., HCL Technologies Limited, Palo Alto Networks, Inc. and Vectra AI, Inc. among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Offering |
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| Breakup by Security Type |
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| Breakup by Deployment Mode |
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| Breakup by Technology |
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| Breakup by Industrial Vertical |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global AI in Cybersecurity Market Overview
8.1 Key Industry Highlights
8.2 Global AI in Cybersecurity Historical Market (2018-2023)
8.3 Global AI in Cybersecurity Market Forecast (2024-2032)
8.4 Global AI in Cybersecurity Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Europe AI in Cybersecurity Market Overview
9.1 Key Industry Highlights
9.2 Europe AI in Cybersecurity Historical Market (2018-2023)
9.3 Europe AI in Cybersecurity Market Forecast (2024-2032)
10 Europe AI in Cybersecurity Market by Offering
10.1 Hardware
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Solution
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Service
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Europe AI in Cybersecurity Market by Security Type
11.1 Endpoint Security
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Network Security
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Cloud Security
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Application Security
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
12 Europe AI in Cybersecurity Market by Deployment Mode
12.1 Coud
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 On-Premise
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Europe AI in Cybersecurity Market by Technology
13.1 Machine Learning
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Context-aware Computing
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Natural Language Processing
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
14 Europe AI in Cybersecurity Market by Industrial Vertical
14.1 BFSI
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Automotive and Transportation
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Retail and E-Commerce
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Manufacturing
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Government and Defense
14.5.1 Historical Trend (2018-2023)
14.5.2 Forecast Trend (2024-2032)
14.6 Healthcare
14.6.1 Historical Trend (2018-2023)
14.6.2 Forecast Trend (2024-2032)
14.7 Others
15 Europe AI in Cybersecurity Market by Country
15.1 United Kingdom
15.1.1 Historical Trend (2018-2023)
15.1.2 Forecast Trend (2024-2032)
15.2 Germany
15.2.1 Historical Trend (2018-2023)
15.2.2 Forecast Trend (2024-2032)
15.3 France
15.3.1 Historical Trend (2018-2023)
15.3.2 Forecast Trend (2024-2032)
15.4 Italy
15.4.1 Historical Trend (2018-2023)
15.4.2 Forecast Trend (2024-2032)
15.5 Others
16 Market Dynamics
16.1 SWOT Analysis
16.1.1 Strengths
16.1.2 Weaknesses
16.1.3 Opportunities
16.1.4 Threats
16.2 Porter’s Five Forces Analysis
16.2.1 Supplier’s Power
16.2.2 Buyer’s Power
16.2.3 Threat of New Entrants
16.2.4 Degree of Rivalry
16.2.5 Threat of Substitutes
16.3 Key Indicators of Demand
16.4 Key Indicators of Price
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Samsung Electronics Co., Ltd.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Amazon Web Services, Inc.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Sophos Ltd.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Hornetsecurity Ltd.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Darktrace Holdings Limited
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 WISeKey International Holding Ltd.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Acronis International GmbH
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 HCL Technologies Limited
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Palo Alto Networks, Inc.
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 Vectra AI, Inc.
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global AI in Cybersecurity Market: Key Industry Highlights, 2018 and 2032
2. Europe AI in Cybersecurity Market: Key Industry Highlights, 2018 and 2032
3. Europe AI in Cybersecurity Historical Market: Breakup by Offering (USD Million), 2018-2023
4. Europe AI in Cybersecurity Market Forecast: Breakup by Offering (USD Million), 2024-2032
5. Europe AI in Cybersecurity Historical Market: Breakup by Security Type (USD Million), 2018-2023
6. Europe AI in Cybersecurity Market Forecast: Breakup by Security Type (USD Million), 2024-2032
7. Europe AI in Cybersecurity Historical Market: Breakup by Deployment Mode (USD Million), 2018-2023
8. Europe AI in Cybersecurity Market Forecast: Breakup by Deployment Mode (USD Million), 2024-2032
9. Europe AI in Cybersecurity Historical Market: Breakup by Technology (USD Million), 2018-2023
10. Europe AI in Cybersecurity Market Forecast: Breakup by Technology (USD Million), 2024-2032
11. Europe AI in Cybersecurity Historical Market: Breakup by Industry Vertical (USD Million), 2018-2023
12. Europe AI in Cybersecurity Market Forecast: Breakup by Industry Vertical (USD Million), 2024-2032
13. Europe AI in Cybersecurity Historical Market: Breakup by Country (USD Million), 2018-2023
14. Europe AI in Cybersecurity Market Forecast: Breakup by Country (USD Million), 2024-2032
15. Europe AI in Cybersecurity Market Structure
Key Questions Answered in the Report
The market was valued at USD 4,255.3 million in 2023.
The market is projected to grow at a CAGR of 17.76% between 2024 and 2032.
The revenue generated from the AI in cybersecurity market is expected to reach USD 18,301.1 million in 2032.
The AI in cybersecurity market is categorised according to the offerings, which include hardware, solutions, and services.
The key players are Samsung Electronics Co., Ltd., Amazon Web Services, Inc., Sophos Ltd., Hornetsecurity Ltd., Darktrace Holdings Limited, WISeKey International Holding Ltd., Acronis International GmbH., HCL Technologies Limited, Palo Alto Networks, Inc. and Vectra AI, Inc. among others.
Based on the deployment mode, the market is divided into on-premises and cloud.
The market is broken down into the United Kingdom, Germany, France, Italy, and others.
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