€ 82,53
ZOKU AMSTERDAM .NL Brunch Map: Which countries are accepting Ukrainian refu

ZOKU AMSTERDAM .NL Brunch Map: Which countries are accepting Ukrainian refu

Venster Acties en details

€ 82,53

Map: Which countries are accepting Ukrainian refugees? More than 520,000 people have fled Ukraine into Poland and other neighbouring countr

Over dit evenement

Map: Which countries are accepting Ukrainian refugees?

More than 520,000 people have fled Ukraine into Poland and other neighbouring countries in the wake of Russia’s invasion, the UN has said.

Afbeelding van ZOKU AMSTERDAM .NL Brunch Map: Which countries are accepting Ukrainian refu

Key findings

Number of companiesWe estimate that there are 1,838 firms active within the UK providing cyber security products and services

Sectoral employmentWe estimate there are approximately 52,700 Full Time Equivalents (FTEs) working in a cyber security related role across the cyber security firms identifiedThis reflects an estimated increase of 6,000 cyber security employee jobs within the last 12 months (an increase of 13%)

Sectoral revenueWe estimate that total annual revenue within the sector has reached £10.1 billion within the most recent financial yearThis reflects an increase of 14% since last year’s study (and is twice the growth rate experienced in the previous year’s study, suggesting that 2021 was a positive year for the industry)

Gross Value AddedWe estimate that total GVA for the sector has reached c. £5.3 billionThis means total GVA has increased by a third in the past year (the largest increase to date seen within the sectoral analysis project series)We estimate that GVA per employee has increased from £85,700 to £101,000 within the last year (an increase of 17%), suggesting improved productivity reflected through company profitability and staff remuneration. This is now higher than the current estimated GVA per employee for the DCMS Digital Sector (DCMS Economic Estimates) of £95,000 per employee

Investment2021 was a record year for cyber security investment raised in the UK. We have identified over £1 billion raised by dedicated cyber security firms in the last 12 months, across 84 deals

1. Introduction

This analysis builds upon the previous UK Cyber Security Sectoral Analysis (published in February 2021) that provides a recent estimate of the size and scale of the UK’s cyber security industry.

This provided an assessment of the number of businesses in the UK supplying cyber security products or services; the sector’s contribution to the UK economy (measured through revenue and Gross Value Added, or GVA); the number employed in the cyber security sector; and an overview of the products and services offered by these firms.

The Cyber Security Sectoral Analysis project has helped to track the growth and performance of the UK’s cyber security sector since 2018. In December 2021, the Government published the National Cyber Strategy 2022, which commits to strengthening the structures, partnerships, and networks necessary to support a whole-of-society approach to cyber, and fostering the growth of a sustainable, innovative, and internationally competitive cyber and information security sector, delivering quality products and services. This analysis therefore provides an evidence base to track the health of the cyber security industry on an annual basis.

1.1 Methodology and sources

The UK cyber security sector does not have a formal Standard Industrial Classification (SIC) code, and this study therefore closely aligns itself to that of the baseline analysis, to provide a time series analysis of how the sector has progressed since the baseline (2017) and subsequent annual studies.

The cyber security sector remains fast-moving, and continually subject to changes in products, services, and market approaches. For this year’s study, we have therefore further refined the methodology to ensure improved identification of businesses offering cyber security products and services in the UK. This includes:

An updated and refined taxonomy to better identify and classify cyber security activityA new partnership with leading data intelligence firm glass.ai (using Artificial Intelligence, or AI, techniques to identify businesses using web data)[footnote 1]Updated telephone and online survey of cyber security businesses

The following methodology and research sources were used to provide an overarching shortlist of UK cyber security businesses, and to estimate their economic contribution related to the sale of cyber security products or services.

The process by which we identify and measure the economic contribution of cyber security activity reflects a best estimate by the Ipsos, Perspective Economics, glass.ai and Centre for Secure Information Technologies team, using agreed parameters for the inclusion of respective firms considered to be active in the field.

The key stages below are consistent with previous Cyber Security Sectoral Analysis exercises to enable a time series comparison.

Stage 1: Desk research

The research team conducted initial desk research to explore how the cyber security market had changed within the last 12 months. This included:

Engagement with UK cyber security regional networks and clusters, to gather local intelligenceA review of published reports regarding the output or activities of the sector (e.g. UK Cyber Security Exports Strategy and associated annual export statistics)Recent investments or initiatives in the cyber security sector (including review of investments and acquisitions, and identification of new industry initiatives and cohorts, e.g. Cyber Runway)Any emerging trends in the market (including supply side and demand side), e.g. enhanced demand attributable to cloud security or working from home, or new product innovations requiring specific cyber security requirements

Afbeelding van ZOKU AMSTERDAM .NL Brunch Map: Which countries are accepting Ukrainian refu

Delen met vrienden

Sla dit evenement op

Evenement opgeslagen