Cyber

Israeli Cyber Industry

In Israel, about 200 Israeli companies specialize in cybersecurity, accounting for $3 billion worth of antihacking exports every year. One-quarter of the world’s venture capital-funded cyber-security startups are Israeli.“Cyber is a great business. It’s growing geometrically because there is never a permanent solution, it’s a never-ending business,” said Benjamin Netanyahu, Israel’s Prime Minister. Israel has now become a cybersecurity powerhouse at the center of an $82 billion industry. Israel is assisting smaller nations (e.g., Singapore), creating 300+ cybersecurity startups, exporting last year $6.5 billion in cybersecurity products. In 2016, Israel alone accounted for about 20% of the global private cybersecurity investment.

Indian Cyber Industry

Since the year 2015 Indian has seen a 10.6% jump in enterprise security spending. The year 2016 saw 3.2 million debit cards getting hacked in India as the banking system relies on obsolete software and security solutions. Enterprises in India are now prioritizing cybersecurity, which now occupies 30-40% of most overall IT budgets. Although India in recent times has launched a series of cybersecurity initiatives, cyber-attacks have also doubled year over year. India cybersecurity industry is to be worth $35 billion by 2025 and will generate a skilled workforce of one million in the security sector, to cater to the rise in global demand.

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