Cyber Security Solutions and Services in Australia 2021

This research report provides a comprehensive comparison of provider strengths, challenges, and competitive differentiators in the cyber security solutions and services market in Australia as of June 2021. It outlines the evolving cyber security landscape driven by digital transformation initiatives and the increasing demand for technologies that support remote working. The report highlights key trends, including the growing importance of identity and access management, data loss prevention, and advanced endpoint threat protection. It discusses the anticipated growth in the cyber security sector, predicting the creation of over 7,000 new jobs by 2024 to meet rising service demands. The report also details the Australian Government's Cyber Security Strategy launched in 2020, which aims to enhance the security of critical infrastructure and increase federal spending on cyber security. Additionally, it addresses concerns regarding the economic impact of cyber security incidents and the need for organizations to adopt more strategic approaches to mitigate risks.