As of January 2025, the most significant data breach incident in the United Kingdom (UK) was the 2017-2018 Dixons Carphone breach. As a result of this incident, 14 million user records were affected, and 5.6 million payment card information was exposed. The Equifax data breach between 2011 and 2016 impacted over 15 million customers nationwide.

This statistic displays the frequency of cyber security breaches experienced by large businesses in the United Kingdom (UK) in 2017. Among all respondents, 18 percent experienced breaches only once in the last 12 months, whereas 41 percent experienced them less than once a month.The proportion of businesses that experienced breaches in the past 12 months had various costs of cyber security breaches depending on the size of these businesses. In addition, these breaches were of many types such as viruses, ransomware or denial-of-service attacks.

This statistic shows the market forecast for the public cyber security sector in the United Kingdom (UK) from 2010 to 2017, by segment. The estimated cyber security market size of the defense and intelligence sector in 2017 is 250 million British pounds (GBP).Cyber security, also often called IT security or computer security, is a vital part to any business. There are several types of cyber security such as: access controls, encryption technologies, data loss prevention tools, and many more. In 2015, advanced perimeter controls and firewall technologies saved companies an average of approximately 714 thousand British pounds.When it comes to cyber security breaches there is usually more at stake than a loss of money. However, monetary value is how most security breaches are measured. On average, business invested a total of 4,060 British pounds in cyber security measures in 2016. In early 2016, the average cost of of security breaches for business amounted to 3,480 British pounds. In terms of number of breaches, medium business experienced a total of 189 breaches, whereas the average across all business sizes was 66 breaches.

As of January 2025, the most significant data privacy violation fine worldwide was for social media giant Meta. In May 2023, the Data Protection Commission (DPC) of Ireland decided to fine the company with 1.2 billion euros or 1.3 billion U.S. dollars. The Chinese vehicle-for rent company Didi Global ranked second. In July 2022, China's data privacy regulator fined the company 8.026 billion Chinese yuan, or 1.19 billion U.S. dollars. The 2021 Amazon fine issued by Luxembourg's data privacy regulation authorities was 877 million U.S. dollars and was the third-biggest data breach fine as of the measured month. The 2019 fine of 575 million U.S. dollars to Equifax followed. In this incident, because of unpatched vulnerabilities, nearly 150 million people were affected, which caused the American consumer credit reporting agency to pay at least 575 million U.S. dollars.

Revenue in the Identity Theft Protection Services industry is expected to contract at a compound annual rate of 1.7% over the five years through 2024-25 to £340.5 million. However, surging cybercrime threats is boosting demand for identity protection services. Revenue is set to hike 2.2% in 2024-25, with the average profit margin reaching 5.5%. This results from the accelerated digitalisation of society, cost of living pressures that tend to boost crime, and the spreading of AI and other technologies that allow criminals to create better fishing tactics to steal peoples’ identities. Despite growing concerns about cybersecurity, the mis-sale of payment protection insurance and customer data breaches, which led to financial penalties against Equifax, have significantly weighed on revenue. In response, companies have begun offering identity protection services for free in a bid to regain customer trust and loyalty. Companies with strong brands and international recognition have moved into the UK market through M&A activity; however, the high-profile data leak of Equifax in July 2017 has proven that issues remain in internal security systems. Revenue is anticipated to grow at a compound annual rate of 2.4% over the five years through 2029-30 to reach £383.8 million. The increasing rate of technological advancement and online interactions will require better defences against cybercriminal activity, aiding demand for identity theft protection services. The growing Buy Now, Pay Later market will also drive demand, increasing the likelihood of cyberattacks. Some consolidation activity will likely occur, with companies developing new AI-based identity theft protection technologies, like AI data mining, analysis and projections, to pre-emptively eradicate possible security threats.

The largest reported data leakage as of January 2025 was the Cam4 data breach in March 2020, which exposed more than 10 billion data records. The second-largest data breach in history so far, the Yahoo data breach, occurred in 2013. The company initially reported about one billion exposed data records, but after an investigation, the company updated the number, revealing that three billion accounts were affected. The National Public Data Breach was announced in August 2024. The incident became public when personally identifiable information of individuals became available for sale on the dark web. Overall, the security professionals estimate the leakage of nearly three billion personal records. The next significant data leakage was the March 2018 security breach of India's national ID database, Aadhaar, with over 1.1 billion records exposed. This included biometric information such as identification numbers and fingerprint scans, which could be used to open bank accounts and receive financial aid, among other government services.

Cybercrime - the dark side of digitalization As the world continues its journey into the digital age, corporations and governments across the globe have been increasing their reliance on technology to collect, analyze and store personal data. This, in turn, has led to a rise in the number of cyber crimes, ranging from minor breaches to global-scale attacks impacting billions of users – such as in the case of Yahoo. Within the U.S. alone, 1802 cases of data compromise were reported in 2022. This was a marked increase from the 447 cases reported a decade prior. The high price of data protection As of 2022, the average cost of a single data breach across all industries worldwide stood at around 4.35 million U.S. dollars. This was found to be most costly in the healthcare sector, with each leak reported to have cost the affected party a hefty 10.1 million U.S. dollars. The financial segment followed closely behind. Here, each breach resulted in a loss of approximately 6 million U.S. dollars - 1.5 million more than the global average.

As of 2024, the average cost of a data breach in the United States amounted to **** million U.S. dollars, down from **** million U.S. dollars in the previous year. The global average cost per data breach was **** million U.S. dollars in 2024. Cost of a data breach in different countries worldwide Data breaches impose a big threat for organizations globally. The monetary damage caused by data breaches has increased in many markets in the past decade. In 2023, Canada followed the U.S. by data breach costs, with an average of **** million U.S. dollars. Since 2019, the average monetary damage caused by loss of sensitive information in Canada has increased notably. In the United Kingdom, the average cost of a data breach in 2024 amounted to around **** million U.S. dollars, while in Germany it stood at **** million U.S. dollars. The cost of data breach by industry and segment Data breach costs vary depending on the industry and segment. For the fourth consecutive year, the global healthcare sector registered the highest costs of data breach, which in 2024 amounted to about **** million U.S. dollars. Financial institutions ranked second, with an average cost of *** million U.S. dollars for a data breach. Detection and escalation was the costliest segment in data breaches worldwide, with **** U.S. dollars on average. The cost for lost business ranked second, while response following a breach came across as the third-costliest segment.

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Cloud Analytics Market Size 2024-2028

The cloud analytics market size is forecast to increase by USD 74.08 billion at a CAGR of 24.4% between 2023 and 2028.

The market is experiencing significant growth due to several key trends. The adoption of hybrid and multi-cloud setups is on the rise, as these configurations enhance data connectivity and flexibility. Another trend driving market growth is the increasing use of cloud security applications to safeguard sensitive data.
However, concerns regarding confidential data security and privacy remain a challenge for market growth. Organizations must ensure robust security measures are in place to mitigate risks and maintain trust with their customers. Overall, the market is poised for continued expansion as businesses seek to leverage the benefits of cloud technologies for data processing and data analytics.

What will be the Size of the Cloud Analytics Market During the Forecast Period?

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The market is experiencing significant growth due to the increasing volume of data generated by businesses and the demand for advanced analytics solutions. Cloud-based analytics enables organizations to process and analyze large datasets from various data sources, including unstructured data, in real-time. This is crucial for businesses looking to make data-driven decisions and gain valuable insights to optimize their operations and meet customer requirements. Key industries such as sales and marketing, customer service, and finance are adopting cloud analytics to improve key performance indicators and gain a competitive edge. Both Small and Medium-sized Enterprises (SMEs) and large enterprises are embracing cloud analytics, with solutions available on private, public, and multi-cloud platforms.
Big data technology, such as machine learning and artificial intelligence, are integral to cloud analytics, enabling advanced data analytics and business intelligence. Cloud analytics provides businesses with the flexibility to store and process data In the cloud, reducing the need for expensive on-premises data storage and computation. Hybrid environments are also gaining popularity, allowing businesses to leverage the benefits of both private and public clouds. Overall, the market is poised for continued growth as businesses increasingly rely on data-driven insights to inform their decision-making processes.

How is this Cloud Analytics Industry segmented and which is the largest segment?

The cloud analytics industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2017-2022 for the following segments.

Solution

  Hosted data warehouse solutions
  Cloud BI tools
  Complex event processing
  Others


Deployment

  Public cloud
  Hybrid cloud
  Private cloud


Geography

  North America

    US


  Europe

    Germany
    UK


  APAC

    China
    Japan


  Middle East and Africa



  South America

By Solution Insights

The hosted data warehouse solutions segment is estimated to witness significant growth during the forecast period.

Hosted data warehouses enable organizations to centralize and analyze large datasets from multiple sources, facilitating advanced analytics solutions and real-time insights. By utilizing cloud-based infrastructure, businesses can reduce operational costs through eliminating licensing expenses, hardware investments, and maintenance fees. Additionally, cloud solutions offer network security measures, such as Software Defined Networking and Network integration, ensuring data protection. Cloud analytics caters to diverse industries, including SMEs and large enterprises, addressing requirements for sales and marketing, customer service, and key performance indicators. Advanced analytics capabilities, including predictive analytics, automated decision making, and fraud prevention, are essential for data-driven decision making and business optimization.

Furthermore, cloud platforms provide access to specialized talent, big data technology, and AI, enhancing customer experiences and digital business opportunities. Data connectivity and data processing in real-time are crucial for network agility and application performance. Hosted data warehouses offer computational power and storage capabilities, ensuring efficient data utilization and enterprise information management. Cloud service providers offer various cloud environments, including private, public, multi-cloud, and hybrid, catering to diverse business needs. Compliance and security concerns are addressed through cybersecurity frameworks and data security measures, ensuring data breaches and thefts are minimized.

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The Hosted data warehouse soluti

According to a January 2021 survey of adults worldwide, 66 percent of total respondents agreed on feeling that tech companies hold too much control over their personal data, while only six percent expressed disagreement with the statement. Consumers based in Spain, the United Kingdom, and the United States reported higher levels of concern over data control, with more than seven in ten people feeling that tech companies have too much control over their personal information. While surveyed consumers in Sweden, China, and Indonesia appeared to agree the least with the statement, still more than five in ten reported feeling that tech companies have too much control over their data.

Questionable ethics and security breaches put tech companies under scrutiny

Tech giants, and big tech in particular have been under focus in recent years when it comes to data privacy and consumer-related ethics. While Google has been recipient of not one, but a number of antitrust fines from the EU dating back to 2017, tech giant Yahoo fell victim to various data breaches that resulted in the exposure of 3 billion consumer records in total to date.

User skepticism is growing

No wonder public trust has faltered. The rise of ad-blockers, VPNs and privacy search engines show that consumers are more eager than ever to protect their data online. In the United States, alternative search engine DuckDuckGo saw a surge in popularity from April 2020 - around the start of the COVID-19 pandemic. Meanwhile, over half of those surveyed in the UK said that the public exposure of recent data breaches had impacted their willingness to share personal information. The global pandemic has also hit the tech industry, with companies in the tourism sector taking the biggest blow. Booking.com laid off the highest number of employees during 2020, a total of 4375 members of staff.