IMI: Leadership in cybersecurity is vital for continued growth

The sector faces a skills and talent shortage that must be addressed

Some experts believe the global market will be worth as much as €382bn by 2027.

The increased number of global data breaches, the ability of malicious actors to operate from anywhere, the linkages between cyberspace and physical systems, and the difficulty of reducing vulnerabilities and consequences in complex cyber networks.

These are just some of the factors fuelling the growth of the cybersecurity market, which is expected to grow globally from an estimated value of $173.5bn (€164bn) in 2022 to $266.2bn by 2027 — at minimum.