DCMS publishes UK Cyber Sectoral Analysis and Deep-Dive Review
1 Nov 2018 01:26 PM
DCMS publishes UK Cyber Security Sectoral Analysis and Deep-Dive Review.
The Department for Digital, Culture, Media and Sport has this week released their UK Cyber Security Sectoral Analysis and Deep-Dive Review. The report is published in collaboration with RSM and the Centre for Secure Information Technologies (CSIT).
Following Government’s commitments within the National Cyber Security Strategy 2016-2021 this study is intend to provide Government with an estimate of the size and scale of the UK Cyber Sector.
This detailed examination of the sector includes statistical analysis around the number of UK cyber security companies, the sector’s contribution to the UK economy (through revenue and GVA), the number of personnel employed in the sector, and the products and services offered by these firms. This review also explores the investment and funding available to the sector for growth and development, as well as support for training and development and labour supply.
Key headlines include:
- RSM estimate that there are currently 846 firms actively providing cyber security products or services in the UK.
- RSM estimate that the cyber security sector’s total revenue in FY2015/16 was £5.7bn.
- RSM estimate there are c. 31,300– 40,000 staff (FTE) employed in the UK cyber security sector. For transparency, this includes staff within firms providing cyber security products and services, but does not include CISOs, or support staff.
- The majority of firms are active in providing Network Security, Information Risk Assessment & Management and Cyber Professional Services.
- 89% of the firms are SMEs and collectively drive £1.5bn (26%) of the sector’s revenues. The larger firms (11%) earned £4.2bn (74%) in cyber security revenues in FY2015/16.
- In the past five years (2012-17), the number of firms active in the sector has grown by over 50%, with over 100 new business registrations in the market within the past two years, representing a surge in new entrants to the market.
To access the full report please click here.