On Wednesday 4th June, we launched the ‘All-Island Cyber Security Report’ alongside our colleagues Cyber Ireland, InterTradeIreland and Perspective Economics.

Key findings from the report reveal that the all-island cybersecurity sector is among the largest in Western Europe, comprising 632 firms and employing 10,600 professionals, with the sector generating an estimated €3.2 billion (£2.9 bn) and contributed €1.5 billion (£1.3 bn)  in Gross Value Added (GVA) in the most recent financial year. Firms have seen revenue growth of 13.4% annually over the past two years, signifying steady growth for the cybersecurity sector.

The study also highlights that the all-island cybersecurity sector benefits greatly from the presence of multinational companies, as well as indigenous enterprises, with 41% of firms headquartered in Ireland and 7% in Northern Ireland. However, barriers remain for the industry with policy gaps, procurement challenges and security clearance issues hindering cross-border and international growth.