Cyber security to attract more venture capital investment, say analysts – The National

Cyber security to attract more venture capital investment, say analysts – The National

Cyber security to attract more venture capital investment, say analysts. Global cyber-security market will grow to $248.5bn in 2023, almost 50 per cent more than the amount spent last year. The cyber-security market will continue to attract venture capital even in uncertain economic times as the industry is largely "immune to downturn" and offers good returns on investment, say investors and industry experts.. His US company has been investing in cyber technology start-ups for two decades.. Cyber security is the "fastest growing area in the information technology industry" and promises significant returns, Mr Ackerman said.. The cyber-security market is forecast to be worth $248.5 billion (Dh915.7bn) in 2023, almost 50 per cent more than the amount spent last year, according to researcher Markets and Markets.. that will also propel market growth and investments.. Customers or companies have to invest in cyber technology," said Christopher Steed, managing director and chief investment officer at Paladin Capital.. Analysts say the industry needs to be more open and customer-friendly in order to attract fresh capital.. Cyber technology should be "as easy to use as an iPhone", said Mr Fick.. But we successfully prosecute only 1 per_cent of cyber criminals, governments have huge responsibility," said