UKTI launches cyber export strategy
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The report estimates that the global cyber security industry is now worth in excess of £100bn per annum and with cyber security accounting for just under a third of UK exports in the security sector in 2011; its prominence is set to grow. The plans outlined in the strategy will be implemented by the developing a Cyber Growth Partnership, a joint industry and Government initiative inspired by the successful Aerospace Growth Partnership model.
Paul Everitt, chief executive of security trade organisation ADS Group, said: “UK industry is well placed to win a larger share of the £100 billion global market for cyber security protection. The cyber security sector is increasingly important to the UK economy and the strategy published today by UKTI signals the active support Government is providing to UK companies to succeed in challenging global markets.”
Companies increasingly recognise the need to protect against cyber-attack, driven both by a reliance on internet communications for modern business, and an increasingly sophisticated approach from attackers.
The strategy reveals that UKTI will initially focus on cyber opportunities in the Gulf States, Brazil, India and Malaysia – all high growth markets for security exports and ones where there is a rapidly growing cyber security market and political will to engage with the UK.
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