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European cybersecurity market to exceed $65 billion by 2025

December 3, 2019

The European cybersecurity market is determined to exceed $65 billion by 2025, according to Graphical Research. This growth is attributed to strong government initiatives to promote data safety and hefty investments in cybersecurity solutions.

Industry sectors and cybersecurity

The increasing cases of data breaches and cyber attacks on critical business infrastructure have driven several business enterprises toward partnering with government agencies for enhanced cybersecurity. For instance, in July 2016, the EU Commission announced a Public-Private partnership program on cybersecurity with $2 billion investments by 2020.

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