Securing demand: Cyber-attacks have encouraged businesses to increase cyber security budgets

Operators in the Cyber Security Software Development industry create algorithms designed to be installed onto internet-connected networks to prevent unauthorised use. From undertaking businesses online to transferring financial information via online data packets, the Internet of Things has changed how society operates. However, the digital age has also allowed for cyber-attacks and the use malware to gain unauthorised access to computer networks for financial gain or personal data, threatening businesses and public resources. According to PricewaterhouseCoopers, over 100,000 cyber-attacks occur globally every day. Over the past decade, the volume and sophistication of cyber-attacks has grown rapidly...read more.

Industry Statistics & Market Size
Revenue
£666.4m
Annual Growth 14-19
9.5%
Forecast Growth 19-24
Profit
Employment
3,813
Businesses
165
Market Share of Companies

Industry Threats & Opportunities

  • High-profile cyber breaches have accelerated investment in intrusion prevention systems
  • Operators have increased hiring as they aim to pioneer the next generation of security software
  • The government has imposed new regulations to support confidence in the digital economy
  • Industry Report - Industry Analysis Chapter

    The Cyber Security Software Development industry has flourished as the global economy has become increasingly integrated through computerised networks. Sensitive information, from financial records to credit card payments, is now digitalised and transferred through online data packets. However, the ever-expanding Internet of Things has allowed for online espionage. Hackers can use malware to gain unauthorised access to computer networks for financial gain or to access corporate and personal information. Over the past decade, the sophistication and volume of cyber-attacks has grown, prompting businesses, homeowners and the government to upgrade their cyber defences. According to PricewaterhouseCoopers (PwC), over 100,000 cyber-attacks occur globally every day. Mea...purchase to read more.

    Additional Insights for the Cyber Security Software Development Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Cyber Security Software Development Industry are

  • Development of new products
  • Undertaking technical research and development
  • Highly trained workforce
  • IBISWorld analysts also discuss how external factors such as Business software investment and Demand from data processing and hosting services in the Cyber Security Software Development industry impact industry performance..

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    What's in this report

    What is the Cyber Security Software Development Industry?

    Operators integrate security practices into the software development life cycle and verify the security of internally developed programs before they are deployed onto the commercial market. Cyber security software programs developed by operators are designed to detect and prevent unauthorised use of computerised or internet-connected networks. The industry excludes the development of security hardware and aftermarket consultancy services.

    Industry Products
  • Access control
  • Network firewall
  • Intrusion systems
  • Antivirus software
  • Antispyware
  • Industry Activities
  • Developing computer software through secure coding practices
  • Internet-connected system software development
  • Testing technologies designed to protect computerised networks
  • Design algorithms for debugging compromised cyber networks
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Business software investment
  • Demand from data processing and hosting services
  • IT and telecommunications adoption
  • Real government consumption expenditure
  • Demand from banks
  • Official bank rate

  • Current Performance
  • Cyber market
  • Corporate spend
  • Next-gen software
  • Government support
  • Chart: Revenue Growth

  • Industry Outlook
  • Government strategy
  • Human capital
  • Start-up growth
  • Table: Cyber Security Software Development Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Cyber Security Software Development Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Data Processing & Hosting Services
  • Banks
  • Financial Technology

  • Key Selling Industries
  • Computer & Peripheral Equipment Manufacturing
  • Computer Consultants
  • Market Research & Public Opinion Polling

  • Products & Services
  • Access control
  • Network firewall
  • Intrusion systems
  • Antivirus software
  • Antispyware
  • Chart: Cyber Security Software Development Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Corporate enterprises
  • Public sector
  • SMEs and consumers
  • Chart: Major Market Segmentation for the Cyber Security Software Development Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesResearch and developmentPurchasesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Cyber Security Software Development

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Cyber Security Software Development Industry

  • Industry Globalization
    Sophos Ltd,
  • Table: Sophos Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Cyber Security Software Development Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Cyber Security Software Development Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Fintech
  • A portmanteau of financial technology that describes an emerging financial services sector in the 21st century that uses modern technologies to compete with traditional financial service methods.
  • Firewall
  • A network security system that monitors and controls incoming and outgoing network traffic based on a predetermined set of security rules.
  • Infosec
  • A portmanteau for information security that refers to a series of measures used to protect electronic data from unauthorised access.
  • Internet Of Things (Iot)
  • Network of devices embedded with electronics and software that enables them to connect and exchange data.
  • Malware
  • Malicious software that refers to a variety of forms of hostile or intrusive software, including viruses and spyware.
  • Phishing
  • An attempt to obtain sensitive information for malicious reasons by disguising as a trustworthy entity in an electronic communication.
  • Ransomware
  • A type of malicious software from cryptovirology that threatens to punish the victim's data or perpetually block access unless a ransom is paid.
  • Unidentified Threat Management (Utm)
  • An approach to information security whereby a single hardware- or software-installation provides multiple threat detection and filtering functions.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Cyber Security Software Development market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Cyber Security Software Development:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Cyber Security Software Development market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Cyber Security Software Development, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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