2022
9
UK Computer Security Market Report 2022
2022-02-11T03:10:40+00:00
OX1101289
1495
147875
[{"name":"Technology","url":"https:\/\/store.mintel.com\/industries\/technology"}]
Report
en_GB
“Computer security increases in importance as digitisation and the number of connected devices grow at unprecedented speeds. COVID-19 served to propel the speed of transition and the market expanded correspondingly.

UK Computer Security Market Report 2022

£ 1,495 (Excl.Tax)

Description

The UK Computer Security market report identifies consumer attitudes towards digitisation, cloud computing, and hybrid working practises in the UK. This market report covers the cyber security market size, market forecast, market segmentation and industry trends for the Computer Security market in the UK.

Current Market Landscape

COVID-19 caused major disruption to the wider economy, but to the computer security sector it fuelled growth while also posing new challenges. Remote working (now morphing into hybrid working) challenged IT systems beyond their initial design and intention. At the same time, employee training became more difficult while video conferencing proliferated.

  • Companies operating an information risk management regime fell from 35% to 30%.
  • The use of network firewalls fell from 83% to 78%.
  • The managing of user privileges declined from 80% to 78%.

Along with this increased reliance on technology, the crime survey for England and Wales the number of fraud and computer misuse cases rose from 4,746 (2018-19) to 6,982 in the year to September 2021.

Future Market Trends in Computer Security 

Computer security is a constant process of both expansion and evolution. In the same way that the sophistication of detection is being improved with artificial intelligence and machine learning, similar tools are also available to the miscreant. Moreover, some of the sources of cyberattacks have powerful resources, with the heightening tensions over Ukraine now seen to be a specific potential for activity.

The global expansion of the market is inevitably very strong as digitisation continues to expand, the number of connected devices continues to increase and as communication speeds increase, realising vast potential for the Internet of Things.

Read on to discover more details or take a look at all of our UK Technology market research.

Quickly understand

  • How COVID-19 accelerated digitisation and increased the demands on cyber security with the rapid development of remote working and growth in video conferencing, which will continue to influence the market with hybrid working practices.
  • The continued rate of growth of the market almost irrespective of economic disruptions as technology, corporate compliance and ever increasing cyberattack sophistication drives the market.
  • The driving forces of cyberattacks, particularly phishing, unauthorised access and ransomware, and the growing trend towards outsourcing computer security.
  • How cloud computing is changing the market and the Internet of Things is developing to further increase demands on computer security.
  • How the strong growth in the market is driving structural industry changes, with increasing levels of major acquisitions as market share in such a dynamic sector becomes increasingly important.

Covered in this report

Brands: AntiVir, AVG, Avast, Avira (NortonLifeLock), BitDefender, BullGuard, ClamWin, Comodo, Doctor Web, ESET NOD32, F-Prot, Kaspersky, McAfee, MSE, Netlux, Network Associates, Panda Software, RAV, Sophos, Trend Micro, VIPRE, Webroot, BAE Systems, Cisco Systems, IBM.

Expert analysis from a specialist in the field

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

Computer security increases in importance as digitisation and the number of connected devices grow at unprecedented speeds. COVID-19 served to propel the speed of transition and the market expanded correspondingly. At the start of 2022, heightening tensions between East and West are now causing further cyberattack concerns, while the continued roll-out of 5G and the Internet of Things will further stimulate demand.

Terry Leggett - Research AnalystTerry Leggett
Senior Analyst

Table of Contents

  1. Overview

    • Key issues covered in this Report
    • COVID-19: market context
    • Economic and other assumptions
    • Products covered in this Report
  2. Executive Summary

    • COVID-19 accelerates digitisation, cyber threats and security needs
      • Figure 1: Short-, medium- and long-term impact of COVID-19 on computer security, 2022
    • The market
    • Market size and forecast
      • Figure 2: Average costs of most disruptive breaches and attacks, by size of company, 2021 (£s)
      • Figure 3: UK market for computer security, 2016-26
    • Company responses to cyber threats
      • Figure 4: Percentage of organisations undertaking action under 10-step government guidance, 2021
      • Figure 5: Proportion of businesses and charities reporting security attacks, 2017-21
      • Figure 6: Recovery and impacts of businesses facing attacks, 2017-21
    • Outsourcing
      • Figure 7: Proportion of organisations using an external cyber security provider, 2021
    • Data breaches affect all sectors
      • Figure 8: Cyber security incidents reported to the Information Commissioner’s Office, by sector, 2021
      • Figure 9: Percentage of businesses identifying attempted breach or attack, 2021
    • Companies and brands
    • A vibrant UK industry
      • Figure 10: Segmentation of the UK cyber security industry, by number of companies, 2021
      • Figure 11: Segmentation of the UK cyber security industry, by turnover, 2021 (£ million)
    • Attracting major investment
      • Figure 12: Investment in UK cyber security companies, 2016-20
  3. Issues and Insights

    • The COVID-19 impact and remote working challenge
      • Figure 13: Proportion of businesses with legacy Windows installations, 2021
    • 2022 and future issues
  4. Market Size and Performance

    • COVID-19 accelerates digitisation, cyber threats and security needs
      • Figure 14: Short-, medium- and long-term impact of COVID-19 on computer security, 2022
    • Strong growth
      • Figure 15: Average costs of most disruptive breaches and attacks, by size of company, 2021 (£s)
      • Figure 16: Market for computer security, 2016-21
  5. Market Forecast

    • Consistent strong growth expected
      • Figure 17: Market forecast for computer security, 2021-26
    • Market drivers and assumptions
      • Figure 18: Key drivers affecting Mintel’s market forecast, 2015-25
    • Forecast methodology
  6. Trends in Cyber Security

    • Measures in government guidance
      • Figure 19: Percentage of organisations undertaking action under 10-step government guidance, 2021
      • Figure 20: Proportion of features covered in cyber security policies by businesses with a policy, 2021
    • Proportion of businesses with cyber attacks
      • Figure 21: Proportion of businesses and charities reporting security attacks, 2017-21
      • Figure 22: Percentage of organisations identifying breaches or attacks, by size of company, 2021
      • Figure 23: Recovery and impacts of businesses facing attacks, 2017-21
    • Outsourcing
      • Figure 24: Proportion of organisations using an external cyber security provider, 2021
  7. Market Segmentation

    • Data breaches and the impact of COVID-19
      • Figure 25: Security incidents reported to the Information Commissioner’s Office, by sector, 2021
      • Figure 26: Cyber security incidents reported to the Information Commissioner’s Office, by sector, 2021
      • Figure 27: Trend in security incidents reported to the Information Commissioner’s Office, 2019-21
      • Figure 28: Trend in cyber security incidents reported to the Information Commissioner’s Office, 2019-21
    • Phishing, ransomware and unauthorised access remain key cyber issues
      • Figure 29: Analysis of cyber security attacks, by type, 2021
      • Figure 30: Percentage of businesses identifying attempted breach or attack, 2021
      • Figure 31: Analysis of cyber security attacks on the manufacturing and retail sector, by type, 2021
      • Figure 32: Analysis of cyber security attacks on the finance sector, by type, 2021
  8. Market Drivers

    • The COVID-19 impact on digitisation
      • Figure 33: Location of working adults, 2020-2021
    • The connected society
      • Figure 34: Worldwide internet usage, by region, 2021 (millions and %)
      • Figure 35: UK adult internet usage, 2013-20
    • The digital footprint of businesses
      • Figure 36: Percentage of companies and charities with digital services, 2021
    • Cloud computing
      • Figure 37: Market size for cloud computing, 2016-21
      • Figure 38: Cloud migration challenges, 2021
      • Figure 39: Segmentation of SaaS usage, by sector, 2020
    • Ecommerce
      • Figure 40: Ecommerce market, 2016-21
      • Figure 41: Segmentation of ecommerce market, by end use, 2016-21
      • Figure 42: Segmentation of ecommerce market, by channel, 2016-21
  9. Industry Structure

    • Software
      • Figure 43: Development of the business and domestic software industry, 2016-21
      • Figure 44: Financial structure of the business and domestic software industry, 2021
    • Computer consultancy
      • Figure 45: Development of the computer consultancy industry, 2016-21
      • Figure 46: Financial structure of the computer consultancy industry, 2021
    • Cyber security
      • Figure 47: Segmentation of the UK cyber security industry, by number of companies, 2021
      • Figure 48: segmentation of the UK cyber security industry, by turnover, 2021 (£ million)
      • Figure 49: Number of UK cyber security firms by taxonomy offering, 2021
      • Figure 50: Investment in UK cyber security companies, 2016-20
  10. Competitive Strategies

    • Segmenting consumer and enterprise sectors
      • Figure 51: Some major anti-virus software products, 2021
    • Growing concentration
  11. Company Profiles

    • BAE Systems
    • Activity
    • Performance
      • Figure 52: Financial performance of BAE Systems, 2016-20 (£ million)
      • Figure 53: Segmentation of Applied Intelligence revenues, 2020
    • Strategy
    • Cisco Systems
    • Activity
    • Performance
      • Figure 54: Financial development of Cisco Systems, 2017-21 (US$ billion)
    • Strategy
    • IBM
    • Activity
      • Figure 55: Segmentation of IBM revenues, 2020 (US$ million)
    • Performance
      • Figure 56: Financial development of IBM, 2018-20 (US$ million)
    • Strategy
    • McAfee Corp
    • Activity
    • Performance
      • Figure 57: Revenue segmentation of McAfee Corp, 2020 (US$ million)
    • Strategy
    • NortonLifeLock (formerly Symantec)
    • Activity
    • Performance
      • Figure 58: Financial development of NortonLifeLock, 2016-21
    • Strategy
    • Sophos Group
    • Activity
    • Performance
      • Figure 59: Financial development of Sophos Group, 2016-20 (US$ million)
    • Strategy
  12. Appendix – Data Sources, Abbreviations and Supporting Information

    • Abbreviations
  13. Appendix – Central Forecast Methodology

    • Market forecast and prediction intervals
      • Figure 60: Forecast market for computer security, 2021-26 (£ billion)
    • Market drivers and assumptions
      • Figure 61: Key drivers affecting Mintel’s market forecast, 2021-26
    • Forecast methodology

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.

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*databooks not available with UK B2B Industry reports.

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