Europe Security Services Market Share

Market Share of Europe Security Services Industry

The European security services market is fragmented, with many players serving the market at the regional and global levels. Almost all industries are transitioning from on-premises to cloud platforms for corporate activity. This factor has sped up the development of cloud-based security solutions as the volume of data and processing requirements from cloud services also supports the further growth of AI and ML. These security services providers launch enhanced products, collaborate with various companies for market expansion, and gain leadership. Some significant players offering their services in this market include Fortra LLC, G4S Limited, Fujitsu, Wipro Ltd, Palo Alto Networks, Allied Universal, and IBM Corporation, among many others.

• July 2023: Netskope partnered with Wipro Limited, enabling Netskope to provide comprehensive cloud-native SASE (secure access service edge) and zero trust network access (ZTNA) services to Wipro's global enterprise client base. Through its CyberTransform platform, Wipro provides clients with cyber resilience through comprehensive strategy-aligned advisory and implementation solutions for specific business needs. This partnership will combine Wipro's extensive cybersecurity managed services experience with Netscope's advanced, fully integrated secure access service edge platform to enable customers to secure and expedite digital transformation initiatives.
• June 2023: L&T Technology Services partnered with Palo Alto to offer security services and solutions to 5G and OT enterprises. As part of the agreement, L&T partners with Palo Alto Networks' managed security services provider (MSSP), providing a comprehensive suite of security solutions to end customers across industrial verticals. The security solutions offered by L&T Technologies include 5G, OT, and IT/OT Converged SOC Services. The MSSP agreement offers a managed service for implementing the Palo Alto Networks zero trust OT Security solution, allowing customers to outsource the management of their operational technology security to L&T.

Europe Security Services Market Leaders

1. Fortra, LLC

2. SecurityHQ

3. Allied Universal

4. Trustwave Holdings, Inc

5. Broadcom Inc.

*Disclaimer: Major Players sorted in no particular order