2023
9
UK Computer Security Market Report 2023
2023-03-08T03:08:15+00:00
OX1154761
1800
161188
[{"name":"Technology","url":"https:\/\/store.mintel.com\/industries\/technology"}]
Report
en_GB
“The relentless drive to digital data and processes renders computer security increasingly important for businesses, charities and consumers alike. Any wider economic disruption serves to further stimulate the drive with…

UK Computer Security Market Report 2023

 1,800 (Excl.Tax)

Description

The Computer Security Report 2023 offers comprehensive insights into the cyber security market, including cyber security market size, segmentation, trends, and projections. Our analysis examines the continued trend of digitalisation, the increasing cyberattack sophistication, and the impact of cloud computing on the computer security market. Uncover the latest developments in the cyber security market and stay ahead of your competition with our market research.

Computer Security Market Overview

Despite cost pressures on both companies and consumers with the economy stalling during the cost of living crisis, the increasing digital activities will continue to drive cyber security market growth. The persistent evolution of cybercrime demands that the computer security market constantly develops and this is intensified with the heightened possibility of state-sponsored incursions.

Cyber Security Market Trends & Statistics

As the trend of digitalisation continues to spread globally, the threats associated with the Internet of Things (IoT) capabilities, such as autonomous vehicles, grow. These threats have the potential to go beyond financial gain and disruption, to include causing physical destruction. This presents a business opportunity for the computer security market to take advantage of.

Meanwhile, cloud computing increasingly develops edge facilities in order to tackle latency issues, requiring further robust protection. MSPs will increasingly influence the cyber security market as software-as-a-service continues to impact computing generally. In addition, as demand for connected devices continues to expand, cyber-attacks increase in their capabilities, further driving the cyber security market growth.

Computer security market statistics

  • Cyber security market size: According to DDCMS the annual revenue for the cyber security market is £10.1 billion.
  • Cyber security market share: Norton LifeLock is one of the leading cyber security brands, recording 20-30% market share for paid-for CCS solutions.
  • Cyber security market growth: The UK had the highest number of cybercrime victims per million internet users at 4,783 in 2022, representing an increase of 40% over 2020 figures.
  • Cyber security market opportunities: 83% of companies and 87% of charities were subject to phishing attacks.

Find a comprehensive breakdown of cyber security market size and market share in the full report, alongside our expert’s comments.

Cyber Security Market Future Outlook

As commerce and industry, public sector services, and consumers have increasingly adopted digital processes, the attraction of cybercrime has grown across all sectors and all major economies. Against this background, computer security is a dynamic market constantly evolving new products and services to combat the ever-changing nature of breaches and increasingly using technology to combat crime. It is playing constant catch-up to the criminals and, for this reason, product development is ever progressing.

The growth in digital data analysis and storage will continue to increase and the furthering of IoT will place new demands on the computer security market as cloud computing evolves and edge computing materialises to cope with real-time decision-making.

To discover more about the UK Computer Security Market Report 2023, read our UK Financial Services and the Metaverse Market Report 2022, or take a look at our other Technology Market Research.

Quickly Understand

  • Explores how the continued trend to digitisation has the potential to render growing levels of data to potential cyberattacks.
  • Examines the drivers for the continued cyber security market growth.
  • Explores the driving forces of cyberattacks, particularly phishing, unauthorised access and ransomware, and the growing trend towards outsourcing computer security.
  • Examines how cloud computing is changing the market and the Internet of Things is developing to further increase demands on the computer security market.

Leading Brands in the Cyber Security Market

NortonLifeLock, Avast, McAfee, Aura, Bitdefender, ESET, F-secure, J2 Global, Kape Technologies, Kaspersky Malwarebytes, OpenText, Panda, Sophos, TotalAV, Trend Micro.

Expert Analysis from a Specialist in the Technology Sector

This report, written by Terry Leggett, a leading analyst in the technology sector, delivers in-depth commentary and analysis to highlight current trends in the computer security market and add expert context to the numbers.

The relentless drive to digital data and processes renders computer security increasingly important for businesses, charities and consumers alike. Any wider economic disruption serves to further stimulate the drive with its positive impact on efficiency. Geopolitical issues including trade sanctions on Russia have intensified the focus on security and there are several guides to good practice issued by the government. Nonetheless, there remains considerable scope for further market penetration as well as constant product and service development reflecting the dynamic nature of cyberthreats.”

Terry Leggett - Senior Analyst

Terry Leggett
Technology Analyst

Table of Contents

  1. Overview

    • Key issues covered in this Report
    • Products covered in this Report
  2. Executive Summary

    • The five-year outlook for computer security
      • Figure 1: Five-year outlook for computer security, 2023-27
    • The market
    • Market size and forecast
      • Figure 2: Market size for computer security, 2017-27 (£ billion)
    • Market segmentation
      • Figure 3: Segmentation of computer security market, by product and service, 2022 (£ billion)
    • The UK is a primary target for cybercrime
      • Figure 4: Trends in the proportion of businesses identifying cyberattacks, 2017-22 (% of businesses)
    • Cyberattacks are varied…
      • Figure 5: Analysis of cybersecurity attacks reported, by type, 2022 (number)
      • Figure 6: Percentage of businesses identifying attempted breach or attack, 2022 (% of businesses)
    • …and affect all sectors
      • Figure 7: Cybersecurity incidents reported to the Information Commissioner’s Office, by sector, 2022 (Number)
    • Companies and brands
    • The UK has a dynamic industry
      • Figure 8: Analysis of the structure of the cybersecurity sector, 2020 and 2021 (number of companies)
      • Figure 9: Segmentation of the UK cybersecurity industry, by turnover, 2020 and 2021 (£ million)
    • Consumer protection
      • Figure 10: Market shares for paid-for UK CCS solutions, 2018-21 (% share)
  3. Issues and Insights

    • Protection still not universal
      • Figure 11: Percentage of businesses reporting cybersecurity controls, 2022 (% of businesses)
      • Figure 12: Business awareness of government cybersecurity initiatives, by type, 2017-22 (% of businesses)
    • The trends point to further challenges
    • Economic issues
    • Geopolitical issues
    • Malware-as-a-Service
    • Targeting the weakest link
    • Cyber insurance is increasingly expensive and selective
    • The target market and criminal technology are ever-growing
    • The emergence of multiple attacks
  4. Market Size and Performance

    • A dynamic market
      • Figure 13: Market size for cybersecurity, 2017-22 (£ billion)
      • Figure 14: Average costs of most disruptive breaches and attacks, by size of company, 2022 (in £s)
      • Figure 15: Proportions of organisations taking specific actions following a breach with material outcomes, 2022 (% of organisations)
    • Segmentation
      • Figure 16: Segmentation of computer security market, by product and service, 2022 (£ billion)
  5. Market Forecast

    • Forecast methodology
    • The five-year outlook for computer security
      • Figure 17: Five-year outlook for computer security, 2023-27
    • A dynamic market
      • Figure 18: Market forecast for computer security, 2022-27 (£ billion)
  6. Data Breaches and Attacks

    • The international perspective
    • The UK position
      • Figure 19: Trends in the proportion of businesses identifying cyberattacks, 2017-22 (proportion of businesses)
      • Figure 20: Security incidents reported to the Information Commissioner’s Office, by sector, 2022 (number)
      • Figure 21: Cybersecurity incidents reported to the Information Commissioner’s Office, by sector, 2022 (number)
      • Figure 22: Trend in security incidents reported to the Information Commissioner’s Office, 2019-22 (number)
    • Types of cyberattacks
      • Figure 23: Analysis of cybersecurity attacks reported, by type, 2022 (number)
      • Figure 24: Percentage of businesses identifying attempted breach or attack, 2022 (% of businesses)
  7. Market Drivers

    • The economic situation
    • Inflation is the key concern for consumers and brands…
    • …and despite government support, energy prices are still a major concern
    • Rising interest rates mean that the pressure will move up to middle- and higher-income households
    • High inflation and rising interest rates will compound the impact of the slowing recovery
    • Consumer spending power will be curbed
    • Unemployment is at a near 50-year low
    • Consumers’ financial wellbeing has fallen from the highs of 2021…
      • Figure 25: Household financial wellbeing index, 2009-22 (index)
    • …and most people are feeling the effects of price rises
    • Geopolitical situation
    • Global digitisation continues to grow
      • Figure 26: Worldwide internet usage, by region, 2022 (millions and %)
      • Figure 27: Worldwide internet penetration, 2000-22 (% of world population)
    • UK digital development
    • Internet users
    • Social media impact
    • Digital banking development
      • Figure 28: The future of digital banking, by generation, 2022-27 (% of people)
    • Corporate internet reliance
      • Figure 29: Percentage of companies and charities with digital services, 2022 (% of companies and % of charities)
    • eCommerce development
      • Figure 30: Market size of ecommerce, 2017-22 (£ billion)
    • Cloud computing
      • Figure 31: Market size for cloud computing, 2017-22 (£ billion)
      • Figure 32: Cloud strategies, 2022 (% of companies)
      • Figure 33: Cloud migration challenges, 2021 and 2022 (% of respondents)
  8. Industry Structure

    • Cybersecurity
      • Figure 34: Analysis of the structure of the cybersecurity sector, 2020 and 2021 (number of companies)
      • Figure 35: Segmentation of the UK cybersecurity industry, by turnover, 2020 and 2021 (£ million)
      • Figure 36: Role of dedicated and diversified cybersecurity companies, by size of company, 2021 (% of total)
      • Figure 37: Number of UK cybersecurity firms, by taxonomy offering, 2021 (% of companies)
      • Figure 38: Investment in UK cybersecurity companies, 2016-21 (£ million and number of deals)
      • Figure 39: Segmentation of investment in UK cybersecurity companies, 2016-21 (£ million)
    • Consumer Cyber Safety
      • Figure 40: Market shares for paid-for UK CCS solutions, 2018-21 (% share)
    • Software
      • Figure 41: Development of the business and domestic software industry, 2017-22 (number)
      • Figure 42: Financial structure of the business and domestic software industry, 2022 (number of companies)
    • Computer consultancy
      • Figure 43: Development of the computer consultancy industry, 2017-22 (number of companies)
      • Figure 44: Financial structure of the computer consultancy industry, 2022 (number of companies and turnover in £000)
  9. Company Profiles

    • BAE Systems
    • Activity
    • Performance
      • Figure 45: Financial performance of BAE Systems, 2017-21 (£ million)
      • Figure 46: Segmentation of BAE Systems Revenue from Intelligence and Security, 2021 (% of total)
    • Strategy
    • Cisco Systems
    • Activity
    • Performance
      • Figure 47: Financial performance of Cisco Systems, 2018-22 (US$ billion)
      • Figure 48: Segmentation of Cisco Systems Revenues, 2022 (% of total)
      • Figure 49: Financial performance of Cisco Systems in the UK, 2017-21 (£ million)
    • Strategy
    • IBM
    • Activity
    • Performance
    • Strategy
    • McAfee Corp/Advent International
    • Activity
    • Performance
    • Strategy
    • NortonLifeLock/Avast
    • Activity
    • Performance
      • Figure 50: Financial performance of NortonLifeLock, 2016-22 ($ billion)
      • Figure 51: Financial performance of NortonLifeLock UK, 2017-21 (£ 000)
    • Strategy
    • Sophos Group
    • Activity
    • Performance
      • Figure 52: Financial development of Sophos Group, 2016-20 (US$ million)
    • Strategy
  10. Appendix – Data Sources, Abbreviations and Supporting Information

    • Methodology
  11. Appendix – Forecast Methodology

    • Market forecast
      • Figure 53: Forecast market for computer security, 2022-27 (£ billion)
    • Market drivers and assumptions

About the report

This market report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.

Market

Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market.

Consumer

Mintel’s proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues.

Brand/Company

Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers.

Data

Market reports provide appendices of data to support the research and insight produced. Our databooks* are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.

*databooks not available with UK B2B Industry reports.

Below is a sample report, understand what you are buying.

Click to show report
2024 Sample Consumer Cover

Please Note: This is a sample report. All of the figures, graphs, and tables have been redacted. Our reports are available to download in PDF and PPT formats.

Trusted by companies. Big and small.

Want to speak to us directly?

Contact us with your enquiry and our expert global team can help.

Get in touch