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Ireland’s Cyber Security Sector: A Growing Force

A recent study has identified 489 cyber security providers operating in Ireland, providing a comprehensive overview of the country’s thriving industry. The research team used data from Bureau van Dijk FAME (for financial metrics) and Companies Registration Office (CRO) statistics, as well as direct consultation with industry stakeholders.

Market Analysis

An online business survey was conducted among these firms to gather information on their trading nature, revenue, and views on the sector’s strengths, barriers, and opportunities. The study also used estimates developed through bottom-up modeling and benchmarked against other sectors and international comparisons.

Defining the Cyber Security Sector

The research team utilized the definition of cyber security set out in Ireland’s National Cyber Security Strategy (2019), which focuses on ensuring confidentiality, integrity, authenticity, and availability of networks, devices, and data.

A taxonomy approach was used to categorize the products and services offered by these firms. Six key areas were identified:

  • Managed security service provision (MSSP) and advisory services
  • Risk, compliance, and fraud
  • Securing applications, networks, and cloud environments
  • Operational technology, security, and connected devices
  • Threat intelligence, monitoring, detection, and analysis
  • Identification, authentication, and access control
  • Other firms

Key Findings

The study found that Ireland’s cyber security sector consists of a high proportion (44%) of large companies, which is significant compared to the wider industry. The top three categories by number of firms are:

  • Managed security service provision (MSSP) and advisory services
  • Risk, compliance, and fraud
  • Securing applications, networks, and cloud environments

Implications

The findings of this study provide valuable insights into Ireland’s cyber security sector, highlighting its growth potential and the need for continued investment in the industry. The research also provides a framework for future studies and comparisons with other countries.

Conclusion

Ireland’s cyber security sector is a significant contributor to the country’s economy, with 489 firms providing a range of products and services. This study provides a comprehensive overview of the sector, highlighting its growth potential and the need for continued investment in the industry.