Cyber security in Europe is big business. Globally, the market size was valued at $184.93 billion in 2021, and it is expected to expand at a compound annual growth rate of 12% to 2030. The European slice of the pie accounted for nearly €34 billion in 2021, an 8% increase that year, with an expectation that this growth will continue.
By 2025, spending on security equipment, software and services in Europe will exceed €45 billion. Right now, cybersecurity represents about 3% of the overall IT market – and it is growing three times faster than the rest of the sector thanks to a range of factors.
Some of those are down to the pace of digital transformation of businesses brought on by the pandemic. And as more of us move our shopping and banking habits online, the need to protect our data becomes ever more important. Additionally, according to an EU report, 28% of European SMEs experienced at least one type of cybercrime in 2021, and 32% are very concerned about the risk of hacking online bank accounts, as well as viruses and spyware or malware (29%).
As a result, those with cybersecurity skills are in demand across Europe, and the job market here – as well as globally – has grown rapidly. According to the latest research by ISC, this year an estimated 1.8 million jobs in the sector will go unfilled. The bloc boasts many locations that offer talented tech workers a number of attractive benefits, including good career prospects within the cybersecurity arena, work-life balance, and great pay. We’re checking out three of them below.
Amsterdam, The Netherlands
The internet economy in the Netherlands is hugely important, contributing around 6% to the country’s GDP, and the Amsterdam region houses nearly a third of Europe’s data centres. Additionally, Amsterdam has one of the world's largest data-transport hubs, AMS-IX, and many large tech companies have chosen to base their European operations in the country.
All these factors mean that the problems of cybercrime, digital espionage, and disruption of online services are major concerns leading to the availability of well-paid jobs in the cybersecurity sector.
It is also a great place to live. Centrally located in Europe, Amsterdam is a beautiful city that offers a great quality of life and excellent educational opportunities thanks to its universities which offer undergraduate and postgraduate programs that can help you train for jobs in the field.
Group-IB is recruiting for a Cyber Threat Intelligence Analyst in the city. One of the leading providers of solutions dedicated to detecting and preventing cyberattacks, identifying online fraud, investigating high-tech crimes, and protecting intellectual property, in this role you will track phishing kits, track infrastructure of threat actors, automate research and write technical articles, plus share knowledge via blogs, news, and events.
The capital city of Ireland, Dublin is the EMEA base for a wide variety of Silicon Valley firms that include Google, Indeed, Airbnb, and Guidewire among many others, leading to its moniker of Silicon Docks. As a result, there are many companies looking to hire across cybersecurity roles.
The country has a strong economy, but an equally high cost of living. Tech salaries are competitive to compensate, but many workers relocating here find it difficult to find accommodation. On a positive note, Dublin is very liveable—with its small centre, it is walkable and enjoys close proximity to the sea and the great outdoors.
Interested in working in Ireland? This Azure Platform Administrator at Johnson Controls Proactive involves administration and support of the company’s Azure Data Lake Platform including admin, incident management and troubleshooting. You’ll be the point of contact for Azure PaaS services including Data Factory, ADLS, Databricks, Synapse, and DevOps. Required skills include Azure Data Factory, Azure Data Lake Store, HDInsight, Azure Synapse Analytics, Azure SQL and Security Management with Ranger policies.
While it isn’t as cheap as it once was, and rents can be pricey, Berlin is a great place to live and work, especially if you're young. The city is now a leading startup centre within Europe and in 2021, 273 Berlin-based startups and tech companies attracted a record €14.3 billion in buyout, growth, and early-stage funding, accounting for 26.6% of the deal volume in Germany according to Unquote data.
Germany has some of the strongest data privacy laws in Europe, making it ideal for working with sensitive information – and for jobs in this area. Salary potential is high: Graduates can earn up to €100,000 per year.
If you’re interested in working in the city, Mercedes-Benz Tech Innovation has an opening for a Cyber Security Consultant. You will carry out cybersecurity assessments based on the ISO 2700x series of standards, advise customers on regulatory, procedural, organisational and technical issues in the area of information security and you’ll identify fields of action, assess risks, prioritise and coordinate measures to eliminate weak points and coordinate their implementation.