RiskPulse: Cybersecurity Aug 2023
Baker Ing’s RiskPulse Dashboard for August 2023 distils essential insights from the expansive cybersecurity landscape, providing a concise, real-time analysis tailored for swift decision-making.
Key Insights:
- Worldwide Risk Score (WRS): The Cybersecurity sector registers a moderate WRS of 6.3 out of 10, reflecting the combined impact of weak global financial conditions, decelerating economic performance, and heightened geopolitical risks, especially from the ongoing Ukraine conflict.
- WRS Development: A year-by-year progression of the WRS, noting the rise to 6.2 in 2020 during COVID, its subsequent drop in 2021, and the present landscape in 2023 that suggests cautious optimism.
- Sector Dependencies: Unpack how the sector’s health intertwines with economic performance, highlighting the importance of disposable income, business environment, and the industry’s inherent innovative spirit.
- Revenue Outlook: Observe a projected sector revenue of USD172bn for 2023, and its expected evolution to an impressive USD260bn by 2027.
- Challenges and Outlook: While the COVID-19 pandemic didn’t hinder the sector, it now faces increased threat sophistication, security challenges, and geopolitical tension impacts.
- Commercial Landscape: The accelerating pace of digitalisation means escalating cyberattack threats and costs. Understand the key drivers behind market innovation, from market structure to financial availability for R&D and M&A activities.
This dashboard serves as a critical accompaniment to our thorough Cybersecurity Landscape 2023 Report. While the RiskPulse offers an immediate pulse-check, the full report delivers an immersive exploration into the sector’s intricacies.
For a comprehensive dive, check out the full Cybersecurity Landscape 2023 Report here.
Description
Baker Ing’s RiskPulse Dashboard for August 2023 distils essential insights from the expansive cybersecurity landscape, providing a concise, real-time analysis tailored for swift decision-making.
Key Insights:
- Worldwide Risk Score (WRS): The Cybersecurity sector registers a moderate WRS of 6.3 out of 10, reflecting the combined impact of weak global financial conditions, decelerating economic performance, and heightened geopolitical risks, especially from the ongoing Ukraine conflict.
- WRS Development: A year-by-year progression of the WRS, noting the rise to 6.2 in 2020 during COVID, its subsequent drop in 2021, and the present landscape in 2023 that suggests cautious optimism.
- Sector Dependencies: Unpack how the sector’s health intertwines with economic performance, highlighting the importance of disposable income, business environment, and the industry’s inherent innovative spirit.
- Revenue Outlook: Observe a projected sector revenue of USD172bn for 2023, and its expected evolution to an impressive USD260bn by 2027.
- Challenges and Outlook: While the COVID-19 pandemic didn’t hinder the sector, it now faces increased threat sophistication, security challenges, and geopolitical tension impacts.
- Commercial Landscape: The accelerating pace of digitalisation means escalating cyberattack threats and costs. Understand the key drivers behind market innovation, from market structure to financial availability for R&D and M&A activities.
This dashboard serves as a critical accompaniment to our thorough Cybersecurity Landscape 2023 Report. While the RiskPulse offers an immediate pulse-check, the full report delivers an immersive exploration into the sector’s intricacies.
For a comprehensive dive, check out the full Cybersecurity Landscape 2023 Report here.
Related products
