Europe Data Center Security Market Size, Share & Trends Analysis Report By Component (Solutionand Services), ByType, By End-use, By Country and Growth Forecast, 2024 - 2031

Analysis of Market Size & Trends

The Europe Data Center Security Market would witness market growth of 15.5% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Data Center Security Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3,283 million by 2031. The UK market would exhibit a CAGR of 14.6% during (2024 - 2031). Additionally, The France market would experience a CAGR of 16.7% during (2024 - 2031).

The applications of data center security are vast, spanning across industries and regions. Every sector involving sensitive information storage, processing, or transmission benefits from robust data center security. Financial institutions rely heavily on data centers to store sensitive customer data, including personal financial information, transaction records, and proprietary data.

Moreover, the security of this data is paramount due to the potential consequences of a breach, including financial loss, identity theft, and reputational damage. Data center security solutions for the financial sector include encryption, firewalls, intrusion detection systems (IDS), and multi-factor authentication (MFA) to protect against unauthorized access and cyberattacks.

The significant rise in ransomware attacks and phishing campaigns in Europe, particularly in countries like France, Germany, Italy, and Spain, is driving a heightened demand for advanced data center security solutions. According to the European Digital SME Alliance, ransomware gangs have increased from 36 in Q1 2023 to 43 in Q2, with a notable surge in attacks affecting companies across 107 nations. In the face of this increasing cyber threat landscape, data centers—often holding vast amounts of sensitive information—have become prime targets. As these cybercriminal activities escalate, securing data storage, processing, and transmission systems becomes critical. Consequently, companies operating European data centers must adopt robust security measures, including real-time threat monitoring, encryption, access control, and backup protocols, to safeguard against potential breaches.

Free Valuable Insights: The Global Data Center Security Market will Hit USD 49.78 Billion by 2031, at a CAGR of 16.1%

Based on Component, the market is segmented into Solution (Network Security, Data Security, Physical Security, Application Security, Endpoint Security, Security Information and Event Management (SIEM), and Other Solution Type) and Services. Based on Type, the market is segmented into Large Data Center, Medium Data Center, and Small Data Center. Based on End-use, the market is segmented into IT & Telecom, BFSI, Retail & E-commerce, Media & Entertainment, Healthcare, Energy & Utilities, Government, Manufacturing, and Other End-use. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled

• Cisco Systems, Inc.
• IBM Corporation
• Palo Alto Networks, Inc.
• Fortinet, Inc.
• Check Point Software Technologies Ltd.
• Hewlett Packard Enterprise Company
• Honeywell International, Inc.
• Juniper Networks, Inc.
• McAfee Corp.
• Trend Micro, Inc.

Europe Data Center Security Market Report Segmentation

By Component

• Solution
  • Network Security
  • Data Security
  • Physical Security
  • Application Security
  • Endpoint Security
  • Security Information and Event Management (SIEM)
  • Other Solution Type
• Services

By Type

• Large Data Center
• Medium Data Center
• Small Data Center

By End-use

• IT & Telecom
• BFSI
• Retail & E-commerce
• Media & Entertainment
• Healthcare
• Energy & Utilities
• Government
• Manufacturing
• Other End-use

By Country

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe