The Ukrainian cybersecurity market has grown fourfold over the previous eight years, reaching US$138 million in 2024.
Supply: European Enterprise Affiliation, citing IT Ukraine DataDriven Analysis & Consulting
Particulars: The worldwide cybersecurity market was valued at US$186 billion in 2024, with Ukraine accounting for lower than 1%. Nevertheless, projections point out a 50% development within the Ukrainian market by 2029, probably reaching US$209 million.
The first section of the Ukrainian cybersecurity market is community safety, with the quickest development seen in cloud safety, information safety and endpoint safety.
The important thing drivers of the market in Ukraine embrace:
- implementation of digital options in enterprise and the general public sector;
- fixed Russian cyberattacks;
- growing monetary and reputational damages from cyberattacks;
- rise of AI utilization;
- worldwide technical help initiatives and programmes.
Russia's full-scale invasion has resulted in a rise in cyberattacks in Ukraine, creating an pressing demand for artistic and automatic cybersecurity options. Russian cyber teams have made Ukraine a persistent goal, primarily attacking authorities establishments, navy trade amenities, telecommunications, the monetary sector and vitality infrastructure.
Regardless of these challenges, Ukraine will not be solely opposing threats, but additionally shaping international cybersecurity developments. In line with the analysis, Ukraine's sturdy R&D actions place it on the forefront of cybersecurity experience, outperforming a number of different nations.
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