As 5G technology spreads around the world, more devices are connected to the internet. This hyperconnection has resulted in an explosion of confidential data that needs to be authenticated with new tools that provide us with something as ancient and inherent to human beings as security.
Governments need business collaboration.The European Union has assumed that it cannot progress alone in cybersecurity, which has resulted in a public-private initiative to invest up to 450 million euros. Meanwhile, tax changes in the United Kingdom have encouraged investment in technology startups, most notably cybersecurity businesses.
Europe, the great specialist.The destruction of jobs during the 2008 crisis meant many people on the continent started training in the technology sector, which has resulted in significant specialisation in this area.
A key year: 2018.the year in which the General Data Protection Regulation is approved, triggering strong demand for cybersecurity from various industries.
But there is another determining factor beyond the reach of governments and which is impossible to legislate for: fear.
A fear that affects our day-to-day lives, our well-being. The demand for security is being driven by new housing developments and the perception, on the part of the population, that the measures adopted by public bodies are insufficient.
A desire for security in our day-to-day lives.We started out talking about a possible attack on our refrigerator in an almost humorous way, but the constant innovation of mobile technology and e-commerce means that computer security must be continually refined.
A range of opportunities for security companies.Modern life brings with it new and changing threats to which security companies have been able to adapt, operating in a large number of areas.
An industry that is expanding its borders.The security industry is expanding its borders beyond North America. Europe is stepping up investment in promising businesses and innovations in security.
Security. How it affects our life during the day.
Increased government attention also means fresh investment opportunities.
Cybersecurity spending is growing three times more than the economy as a whole.
What do the experts think?
- European companies are well positioned to take advantage of the mutual antagonism between the United States and China, offering opportunities to security services offered from other areas.
- Estimates vary, but research firms forecast double-digit annual growth for the European cyber security market over the next five years.
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