The Europe Data Exfiltration Market would witness market growth of 11.9% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Data Exfiltration Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $11,057.4 million by 2031. The UK market is experiencing a CAGR of 11.2% during (2024 - 2031). Additionally, The France market would exhibit a CAGR of 12.7% during (2024 - 2031).
The financial services industry is another prime target for data exfiltration. Financial institutions house confidential information, including account details, transaction records, and personal identification data. Data exfiltration can result in fraud, financial loss, and severe reputational damage. Therefore, solutions in this sector focus on securing digital banking platforms and credit card transactions and preventing insider threats.
Furthermore, the retail industry, particularly e-commerce, has seen an explosion in online transactions, making it vulnerable to data breaches and exfiltration. Customer data can be targeted, including credit card information, addresses, and purchase history. Advanced data protection mechanisms in retail prevent fraud, maintain customer trust, and adhere to regulations like the Payment Card Industry Data Security Standard (PCI DSS).
The healthcare sector’s substantial investment in information communications and technology (ICT) is a key driver for the data exfiltration market in Italy. In 2022, ICT expenditures in the healthcare sector accounted for 1.2% of total expenditures, amounting to $1.98 billion—a 7% increase from 2021. Furthermore, the Italian government’s allocation of €1.67 billion towards electronic medical records (EMR) and e-health technology infrastructure as part of the National Recovery and Resilience Program (NRRP) highlights its commitment to enhancing its healthcare system through digital transformation.
The digitization of healthcare records and the implementation of e-health technologies increase the volume of sensitive data stored and transmitted electronically, making the sector a prime target for cyber-attacks. Effective data exfiltration solutions are essential to protect patient data from unauthorized access and breaches, ensuring compliance with regulatory requirements and maintaining public trust in the healthcare system. Thus, the rising incidence of cybersecurity breaches in the UK and the significant investments in healthcare ICT in Italy are pivotal factors influencing the market growth in Europe.
Free Valuable Insights: The Global Data Exfiltration Market will Hit USD 158.33 Billion by 2031, at a CAGR of 12.1%
Based on Component, the market is segmented into Solution and Services (Professional Services and Managed Services). Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Type, the market is segmented into Active Data Exfiltration and Passive Data Exfiltration. Based on Vertical, the market is segmented into BFSI, Manufacturing, Telecom & IT, Healthcare, Government, Retail, Travel & Hospitality, Energy & Utilities, and Other Verticals. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Component
By Enterprise Size
By Type
By Vertical
By Country
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