Europe Security Risk Management Market is Expected to grow at a robust CAGR of 13.53% through 2030F
Europe Security Risk Management market
is increasing due to the rising frequency of sophisticated cyberattacks and the
enforcement of stringent data protection regulations across the region during
the forecast period 2026-2030F.
According to TechSci Research report, “Europe Security Risk Management
Market – By Country, Competition, Forecast and Opportunities 2020-2030F”, The
Europe Security Risk Management Market was valued at USD 55.62 Billion in 2024
and is expected to reach USD 120.17 Billion by 2030 with a CAGR of 13.53%
during the forecast period. Demand for Resilience in Critical Infrastructure
and Operational Continuity Europe’s critical infrastructure
sectors such as energy, transportation, healthcare, and public services—are
modernizing through smart grids, eHealth networks, connected transport systems,
and urban mobility platforms. As these systems become more software-defined and
networked, the need for integrated operational risk governance has surged.
Security risk management platforms are adapting by incorporating
cyber-physical-twin modeling, business continuity planning modules, incident
impact simulations, and crisis orchestration workflows.
These tools enable planners to assess
cascading failures caused by cyberattacks, natural disasters, or supply chain
disruptions. For example, an attack on a smart grid may trigger hospital
outages or transport delays—effects that require coordinated resilience plans.
Regulatory frameworks such as the Network and Information Security Directive 2,
Digital Operational Resilience Act, and European Critical Entities Resilience
Directive now mandate periodic resilience verification for systems classified
as “essential.” Consequently, organizations are investing in risk platforms
that integrate threat-likelihood scoring with operational impact metrics, and
embedded playbooks for cross-functional coordination. This holistic approach
enhances organizational readiness and reduces system recovery times across
sectors. As Europe accelerates infrastructure interoperability and smart
modernization, the demand for risk management systems that combine cyber,
physical, and operational resilience will continue to expand.
Europe’s critical infrastructure
sectors—spanning utilities, manufacturing, transportation, and public
administration—operate on complex, legacy systems originally designed without
modern security architectures. Many industrial control systems and enterprise
resource planning platforms remain unpatched or outdated and are often
customized, undocumented, and lacking integration capabilities . These asset
configurations are difficult to retrofit with real‑time monitoring, identity
enforcement, or automated incident response tools. The proliferation of
connected devices and third-party dependencies amplifies both the attack
surface and supply-chain complexity. ENISA identifies “supply‑chain compromise of software
dependencies” as its top threat through 2030—reflecting the critical risk posed
by opaque systems and vendor integrations
Without mechanisms like software bill of
materials, extended vendor audits, or contractually mandated resilience
assessments, organizations remain vulnerable to downstream breaches caused by
third-party exploits. Additionally, legacy platforms frequently lack native
encryption or logging, rendering anomaly detection nearly impossible.
Addressing this requires expensive modernization programs—often resisted due to
budgetary constraints or fear of operational disruption. National auditors,
such as the UK’s National Audit Office, have repeatedly highlighted that legacy
systems in public bodies are under-secured and at high risk, particularly from
state-sponsored adversaries . Unless European organizations commit resources to
strategic remediation, modernization, and supply‑chain resilience, security
risk management platforms will only provide symbolic compliance rather than
true operational security.
Browse over XX market data Figures
spread through XX Pages and an in-depth TOC on the " Europe Security Risk Management Market"
Based on Industry Verticals, In 2024,
the Banking, Financial Services, and Insurance segment dominated the Europe
Security Risk Management market and is expected to maintain its dominance
during the forecast period. The Banking, Financial Services, and Insurance
industry in Europe has been a primary target for increasingly sophisticated
cyber threats due to the high value of financial data and the digital nature of
banking services. This segment is investing significantly in security risk
management solutions to safeguard sensitive customer information, ensure
transaction security, and comply with rigorous regulations such as the European
Union’s General Data Protection Regulation and the Digital Operational
Resilience Act.
The emergence of digital banking, online
insurance platforms, and fintech innovations has created a complex digital
ecosystem where vulnerability to data breaches and cyber fraud has
significantly increased. As a result, financial institutions are deploying
advanced threat detection systems, identity and access management tools, risk
analytics platforms, and automated incident response frameworks. Furthermore,
regulatory mandates such as the Payment Services Directive 2 and the Markets in
Financial Instruments Directive II require stringent risk assessment and
security controls, driving the demand for security risk management across the
sector.
Leading banks and insurance providers
are also integrating artificial intelligence and machine learning into their
security infrastructure to enhance real-time risk visibility and response
capabilities. With the rising adoption of cloud-based financial platforms and
digital wallets, there is a continuous shift toward integrated, scalable, and
proactive security frameworks in the financial services domain. These evolving
digital models necessitate consistent monitoring, risk scoring, and resilience
planning, further fueling market growth. The high level of digital
transformation, combined with strict regulatory compliance requirements and
heightened threat vectors, positions the Banking, Financial Services, and
Insurance segment as the most prominent and fastest-evolving user of security
risk management solutions within the European region, making it the dominant
industry vertical for the foreseeable future.
In the forecast period, France is
emerging as the most dynamic and strategically advancing region in the European
Security Risk Management market, driven by a combination of ambitious national
cybersecurity policies, rapid digital transformation across both public and
private sectors, and heightened threat awareness following major assaults on
critical infrastructure. The French government's National Cybersecurity
Strategy 2025, accompanied by substantial funding via the France Relance
recovery plan, has significantly increased investments in threat intelligence,
security operations centers, and enterprise-grade risk management platforms.
Major sectors—including finance, healthcare, energy, transport, and government
agencies—are undergoing large-scale digital modernization, adopting cloud
services, Internet of Things deployments, and remote-work infrastructures.
These efforts have created complex risk landscapes, pushing organizations to
deploy real-time incident response, identity governance, and compliance-driven
security tools to protect sensitive data and maintain resilient operations.
Heightened attacks on national assets—such as the 2023 ransomware breach at a
French hospital group and a cyber intrusion into a regional energy
provider—have raised public and regulatory urgency, resulting in stricter
enforcement of the Network and Information Systems Directive 2 and the
impending Cyber Resilience Act across French enterprises. In response,
corporations and public agencies are integrating artificial intelligence-based
threat detection, zero-trust models, and security automation frameworks.
Moreover, France’s strong domestic cybersecurity ecosystem—with innovators like
Thales, Orange Cyberdefense, and Airbus CyberSecurity—offers tailored Security
Risk Management solutions that meet national security and data sovereignty
objectives. The proliferation of government-led cyber capacity-building
programs, enhanced public-private collaboration, and fast-tracked adoption of
digital identity infrastructure (e.g., mobile e‑ID initiatives) is further
fueling market momentum. As French regulators consistently increase cyber
incident reporting requirements and audit frameworks, enterprises are compelled
to upgrade from reactive security postures to proactive risk governance. Together,
these factors position France as an emerging leader in the European Security
Risk Management landscape, with sustained growth driven by policy ambition,
evolving cyber threats, digital modernization, and strategic vendor innovation.
Key market players in the Europe Security
Risk Management market are: -
- IBM
Corporation
- Microsoft
Corporation
- Oracle
Corporation
- SAP SE
- Cisco
Systems Inc.
- Check
Point Software Technologies Ltd.
- BAE
Systems plc
- Palo Alto
Networks Inc.
- Capgemini
SE
- Atos SE
Download Free Sample Report
Customers can
also request for 10% free customization on this report.
“The Europe Security Risk Management
market is poised for substantial growth in the future, driven by increasing
cyber threats, stringent data protection regulations, and accelerated digital
transformation across industries. As organizations migrate to cloud
infrastructures, adopt remote work models, and implement complex digital
ecosystems, the demand for proactive risk assessment, incident response, and
compliance solutions will surge. Regulatory frameworks such as the General Data
Protection Regulation, Digital Operational Resilience Act, and the Cyber
Resilience Act will compel enterprises to invest in advanced security risk
management tools. This sustained regulatory pressure and technological
evolution will ensure consistent market expansion across the European region.Top of Form” said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based Global management
consulting firm.
“Europe Security Risk
Management Market By
Component (Solutions, Services), By Solutions (Financial risk management,
Compliance risk management, Cybersecurity risk management, Enterprise risk
management, Operational risk management, Others), By Services (Consulting &
advisory, Integration & deployment, Support & maintenance, Managed
services), by Deployment Model (On-Premise, Cloud-Based), By Organization Size
(Large Enterprises, Small and Medium Enterprises (SMEs)), By Industry Vertical
(BFSI, IT and Telecom, Government and Defense, Healthcare, Energy and
Utilities, Retail and E-commerce, Manufacturing, Transportation and Logistics,
Others), By Country, Competition, Forecast and Opportunities,
2020-2030F,”
has evaluated the future growth potential of Europe Security Risk Management
Market and provides statistics & information on market size,
structure, and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Europe Security Risk
Management Market.
Contact
TechSci Research LLC
420 Lexington Avenue,
Suite 300, New York,
United States- 10170
M: +13322586602
Email: [email protected]
Website: https://www.techsciresearch.com