The worldwide market for cybersecurity is undergoing a wage cyberwar, driven by the increasing adoption of strong passwords and data protection measures.
We’ll examine the 15 countries with cyber warfare capabilities in this article. The value of the worldwide cybersecurity market was estimated at $172.32 billion in 2023 and is projected to expand at a rate of 13.8% between 2023 and 2030, to reach $424.97 billion in 2024.
One of the main factors driving growth is the growing acceptance of cloud-based security solutions, which offer complete data protection via multi-factor authentication, strong passwords, encryption, and dependable backups. Furthermore, the market is seeing profitable prospects due to the enterprises’ implementation of big data analytics and the internet of things (IoT).
The market is expanding due to the need for cybersecurity software that is based on artificial intelligence (AI) and machine learning (ML) across a variety of sectors. Additionally, the need to continuously deal with cyber breaches brought on by the rise in social media use and hyperconnectivity is what is driving the demand for cybersecurity. In addition, the market is expanding favorably due to the rise in cyberterrorism and cyberespionage, as well as the growing usage of cybersecurity solutions in military aviation to stop threats to aircraft while they are in flight.
However, Gartner anticipates a significant increase in end-user spending in the US information security and risk management market, from $172.5 billion in 2022 to $267.3 billion by 2026. Even while companies are making important expenditures, their current efforts might not be sufficient. American businesses are emphasizing cybersecurity teams, employee training, and cybersecurity solutions. They are also participating in external audits and working toward certifications such as SOC2 and ISO27001. But according to research, cybersecurity only receives a small fraction of the IT budget, and a sizable amount of firms believe they may not be making the most of their cybersecurity spending.
Business executives must create a thorough cybersecurity plan before investing to improve overall cybersecurity posture and solve these issues. Let’s start off by talking about American businesses that are active in the cyber security space before moving on to our list of the top 15 nations with capabilities for cyberwarfare. Specifically, the following companies will be discussed: Cisco Systems (NASDAQ:CSCO), CrowdStrike Holdings (NASDAQ: CRWD), and Broadcom Inc. (NASDAQGS:AVGO).
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2021 GCI Score: 97.5
India ranks first on our list of nations having the ability to wage cyberwarfare.
About $130.7 million in funding has been given to Indian cybersecurity firms in the last two years, a notable increase of roughly 63% from the previous two years. The $650 million seventh fund of venture capital company Accel is currently being aggressively deployed; five cybersecurity businesses have already received investments from this fund.
GCI 2021 Score: 97.6
Investments in cybersecurity businesses in France are significantly rising, defying the global trend of diminishing startup funding. A Wavestone analysis states that since 2022, the industry has received $370.27 million in investment.
GCI 2021 score is 97.7.
In August 2023, the Government of Ontario and Rogers Communications jointly invested $8.8 million in the Ontario Cybersecurity Excellence Initiative (OCEI). The project intends to increase the province’s cybersecurity competitiveness and make it easier for businesses to embrace cybersecurity solutions. The Canadian Cyber Threat Exchange (CCTX), a private non-profit, and Toronto Metropolitan University’s Rogers Cybersecure Catalyst are spearheading these OCEI initiatives.
GCI 2021 Score: 97.8
By 2027, Amazon Web Services (AWS) intends to invest $15.24 billion in Japan to improve the nation’s cloud computing infrastructure. With training, certification, and educational initiatives, AWS helps Japan realize the full potential of the cloud. Japanese companies will need cloud and cybersecurity knowledge by 2025, according to recent research by AlphaBeta. In Japan, over 400,000 people have received cloud skills training from AWS since 2017.
97.9 GCI in 2021
In February 2024, Cyber Upgrade, a cybersecurity startup based in Lithuania, was able to raise $705,708.25 in pre-seed funding to further its goal of offering affordable and accessible cybersecurity solutions to FinTech and small and medium-sized businesses (SMEs).
GCI 2021 Score: 98.1
81% of chief executives in the Emirates acknowledge the significance of AI in their firms’ cybersecurity strategy as of 2024. The majority of businesses in the UAE are aiming to increase their investment in AI to better their cybersecurity measures.
GCI Score in 2021: 98.1
With 79% of Malaysian businesses surveyed indicating plans to increase their cybersecurity budget for 2023, Malaysia is the ASEAN region’s top spender in this area. This increase in funding indicates that Malaysia is committed to fortifying its cybersecurity position. Furthermore, a noteworthy 33% of Malaysian companies reported a major budget increase of more than 50% from the previous year, indicating that cybersecurity resilience is becoming increasingly important. Furthermore, 80% of board members in Malaysian companies actively participate in regular cybersecurity talks, demonstrating the great awareness and significance given to this crucial subject.
2021 GCI Score: 98.1
Russia has demonstrated a great commitment to cybersecurity by providing substantial funding to cyber groups run by the government. It is well known that these organizations employ a range of methods to carry out methodical industrial espionage and intelligence activities. Notably, the Russian government has interfered in banking systems, exposed private information, and affected elections and referendums. Over the past ten years, Ukraine has often been used as a testbed for these strategies.
GCI 2021 Score: 98.5
Singaporean organizations are investing more in cybersecurity. There is a growing emphasis on cybersecurity measures; in 2024, almost 87% of respondents said they planned to invest in or set aside money for cybersecurity. This is a significant rise over the 72% in 2022.
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2021 GCI Score: 98.5
Microsoft intends to spend $2.1 billion over the next two years in Spain, quadrupling its investments in cloud infrastructure and artificial intelligence (AI). This program is in line with CEO Satya Nadella’s commitment to supporting responsible AI use and digital innovation.
2021 GCI Score: 98.5
By 2027, South Korea intends to have invested $827.1 million in the information security industry, almost tripling its prior allocation of $418.5 million during the preceding four years. The aim is to increase the size of the domestic business to $22.5 billion, create a cyber security unicorn, and build a fund with a value of $97.7 million.
2021 GCI Score: 99.5
Leading telecom providers in Estonia announce large investments in cybersecurity and related fields in the wake of record-breaking financial results this year. Telia, Tele2, and Elisa, the three foreign-owned cellphone operators in Estonia, have been aggressively enhancing their cybersecurity protocols. During the first nine months of 2023, for example, Telia Estonia generated $115 million in Earnings Before Interest, Taxes, Depreciation, and Amortization (EBDITA), of which $35.8 million was put into networks and services.
2021 GCI Score: 99.5
In February 2024, ESProfiler, a UK-based firm, raised $3.56 million in a seed fundraising round. ESProfiler, with its headquarters in Manchester, aims to improve cybersecurity efficiency in enterprise cybersecurity investments by tackling common inefficiencies.
2021 GCI Score: 99.8
In November 2023, COGNNA, a Saudi Arabian cybersecurity firm, successfully completed a $2.25 million Seed fundraising round. Vision Ventures, Faith Capital, and other backers made contributions to the deal under the leadership of IMPACT46. COGNNA, founded in 2022 by Ziyad and Ibrahim Alshehri, uses artificial intelligence (AI) and advanced data analysis to find risks in the networks and systems of its clients.
GCI 2021: 100
Over the next five years, the Biden administration has committed to investing $20 billion to improve cybersecurity at American ports. The funding will be mostly used to replace Chinese-made cranes, which are thought to pose a threat to national security. Since 2019, the Port of Los Angeles has made significant investments in initiatives to increase cyber resilience.
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