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Title Australia’s Cyber Security Sector Competitiveness Plan      
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Date 2018-12-20 Hit 41

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Title: Australia’s Cyber Security Sector Competitiveness Plan
 

Authors: AustCyber

 

Date: 27/11/2018

 

Abstract: Cyber security is emerging as one of Australia’s most promising growth sectors A surge in demand for cybersecurity products and services globally – driven by the growing need of organisations to protect their digital assets and databases from malicious activity – bodes well for Australian security companies. Market trends point to tremendous economic opportunity. Global annual spending on cyber security increased by 7.4 per cent to US$131 billion in 2017 and is expected to remain robust in coming years. The outlook for cyber security spending in the Indo‑Pacific region, which includes Australia’s immediate Asia‑Pacific neighbour states as well as China and India, is particularly strong. Australia’s innovative cyber security companies are gaining respect and success both at home and in international markets. Cyber security is not only a dynamic sector offering a new source of economic growth and prosperity to Australia, it is also an enabler of growth through digital transformation in every sector of the economy. As businesses rely on the confidentiality and integrity of digital information, a strong domestic cyber security sector is critical for Australia’s competitiveness and international reputation as a trusted place to do business, and for the nation’s continued economic growth.

 

DOI: Link in place of DOI (https://www.austcyber.com/tools-and-resources/sector-competitiveness-plan-2018)

 



Keywords: AustCyber
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