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The Cybersecurity Frontier: Market Trends and Industry Leaders
- The global cyber security market is forecast to grow to $272bn in 2029, with Europe projected to reach $45.7bn in 2024
- Emerging technologies such as AI, ML and blockchain provide both opportunities and challenges in the cybersecurity space
- Governments and regulatory bodies are imposing stricter regulations, creating prime opportunities for businesses to help organizations navigate and adhere to their compliance and regulatory obligations
- There is currently a global shortage of 4 million cybersecurity professionals, increasing to 85 million workers by 2030
- Investment in cybersecurity has grown at a 24.4% CAGR over the past decade, consistently drawing more investment than many other sectors
- Early-stage cybersecurity investment remained strong at over $600m annually since 2019, highlighting the strength of the cybersecurity investment thesis across Europe
- PE and strategic acquisitions present highly sought-after exit opportunities for founders, while IPOs remain a potential avenue for growth
- Startup Wise Guys, Kima Ventures, Mercia, IQ Capital, Entrée Capital, and TIIN Capital are leading investors at various stages of the cybersecurity market
- Technological and regulatory tailwinds, alongside geopolitical headwinds, continue to drive innovation and resilience in the cybersecurity market, which is essential to our personal and professional lives
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