The Europe Threat Intelligence Market would witness market growth of 13.5% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Threat Intelligence Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,530.5 million by 2031. The UK market is exhibiting a CAGR of 12.5% during (2024 - 2031). Additionally, The France market would experience a CAGR of 14.4% during (2024 - 2031).
It is impossible to exaggerate the significance of threat intelligence in this day and age when cyberattacks are rising in frequency, growing more complex, and increasingly harmful. High-profile breaches involving major corporations, government agencies, and critical infrastructure highlight the devastating potential of cyber threats. These incidents have resulted in substantial financial losses, eroded public trust, and posed significant national security risks. As such, organizations are increasingly turning to intelligence to gain a proactive stance against cyber adversaries, allowing them to anticipate and counter threats before they can cause significant harm.
One key driver of the market is the evolving nature of cyber threats. Cybercriminals and state-sponsored actors constantly develop new tactics, techniques, and procedures (TTPs) to bypass traditional security measures. By continuously changing their security postures based on the most recent intelligence, organizations are required to stay ahead of the curve in order to accommodate this dynamic threat environment.
Europe remains a prime target for cyberattacks, with many sophisticated threats emerging. Organizations recognize the need for proactive intelligence solutions to identify and mitigate these risks. According to the European Union Agency for Cybersecurity (ENISA), €11,45 million is the average annual cost of cybersecurity incidents caused by an insider to the organization. In the United Kingdom, the demand for intelligence is driven by several factors, including the increasing frequency of cyberattacks and the critical need to protect sensitive information across various sectors. In the past year, 32% of UK businesses experienced a cyber security breach or attack, according to the UK Government's Cyber Security Breaches Survey 2023. Approximately 2.39 million instances of cybercrime and approximately 49,000 instances of fraud arising from cybercrime were noted. As a result of Germany's standing as a notable industrial nation with a highly developed digital economy, the country is also witnessing a considerable increase in the demand for intelligence at the present time. The "BSI Lagebericht" (Annual Cyber Security Report) noted that ransomware attacks have become more frequent and sophisticated, affecting numerous sectors, including healthcare, manufacturing, and finance. Therefore, the rising frequency and sophistication of cyber threats, regulatory requirements, and the critical need to protect digital assets are common factors driving the demand for intelligence across various European nations.
Free Valuable Insights: The Global Threat Intelligence Market will Hit USD 38.9 Billion by 2031, at a CAGR of 13.9%
Based on Organization Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises. Based on Deployment Type, the market is segmented into Cloud, and On-Premise. Based on Type, the market is segmented into Solution (Security Information & Event Management, Risk Management, Identity & Access Management, Log Management, Incident Forensics, and Others), and Services (Professional Services, and Managed Services). Based on Vertical, the market is segmented into Telecom & IT, BFSI, Energy & Utilities, Healthcare, Manufacturing, Transportation & Logistics, Retail, Government, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Organization Size
By Deployment Type
By Type
By Vertical
By Country
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