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Summary and extracts
1 Market Overview
1.1 Definition and scope of the study
Information security, or cybersecurity, refers to the processes and practices that are designed and undertaken in order to protect networks, programs, data and devices from unauthorized attacks or access.
Despite being a relatively new field, and still not fully regulated (laws and decrees: 1996, 1992, 2002, 2005, 2007, 2013, 2018, 2019), the Italian cybersecurity market is booming, registering double-digit growth figures in the years 2018-20. This market can be divided into five main segments:
- Cybersecurity consulting
- Hardware
- Software
- Managed security and cloud services
- Other (systems integration, training, etc.)
Large companies are the main investors in cybersecurity, with IT managers/CTOs increasingly aware of the risks on their information systems and the growing pressures on user data privacy. The banking/financial sector leads Italy in terms of cybersecurity spending, followed by government (particularly defense, foreign and local/regional governments), transportation, telecommunications and manufacturing round out the top 5. More than half of SMEs in Italy do not currently spend on cybersecurity.
The cybersecurity market in Italy is divided between large multinational companies such as Kasperky, McAfee, Cisco, and Broadcom and smaller, more specialized companies that provide tailored solutions (ELTA, BooleBox, and BlackSwan).
Despite lagging behind its European neighbors in this area, with the greater digitization of society, and the greater volume and danger of cyber attacks (1,557 serious attacks in 2018 +38% over 2017), spending on cybersecurity is expected to continue to grow in Italy.
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Latest news
Cisco to lay off thousands of employees - 15/02/2024
- Cisco to cut several thousand jobs as part of restructuring plan.
- 5% of Cisco employees worldwide will be affected by this plan.
- Cisco ended last year with almost 85,000 employees.
- Cisco acquired the cybersecurity firm Splunk for $28 billion.
Orange wants to buy Risk&Co's cybersecurity division - 06/10/2023
- 1 billion euros in sales for Orange's cyber defense subsidiary
- Orange plans to acquire the cybersecurity consulting activities of Risk&Co, in receivership
- Risk&Co's customers include several entities of the French Ministry of the Armed Forces, as well as major groups such as Total. ChapsVision is also planning to make an offer, as it is interested in cybersecurity consulting only
- ChapsVision recently raised 90 million euros
- Orange Cyberdéfense is interested not only in cybersecurity consulting, but also in safety engineering.
- Orange's target business represents sales of around 15 million euros
- Other candidates are also interested in the takeover, including alternative telecom operator Foliateam
- The Risk&Co group has another branch, focused on securing the international operations of major groups, for which the security and defense services company Amarante and Scutum are ready to make a bid
Cisco strengthens its position by acquiring Splunk for $28 billion - 23/09/2023
- Cisco has signed a definitive agreement to acquire Splunk for $28 billion.
- This is the largest acquisition in Cisco's history, surpassing Scientific Atlanta for $7 billion in 2005, Acacia Communications for $4.5 billion in 2021 and Duo Security for $2.3 billion in 2018.
- The acquisition is expected to bring Cisco around $4 billion in annual recurring revenues
- Splunk, which specializes in cloud-based data analysis, has around 7,000 employees worldwide and customers including Coca-Cola, Airbus, Carrefour and Engie.
- In the cybersecurity sector, Google recently acquired Mandiant for $5.4 billion, Broadcom bought Symantec for $10 billion and Thales acquired Imperva for $3.6 billion.
Apple parie sur les puces Made in USA de Broadcom - 24/05/2023
Cybersecurity: growing interest among telecom operators - 11/04/2023
- Orange Cyberdefense employs 3,000 experts.
- Orange Cyberdefense plans to recruit almost 800 experts in 2023.
- Orange Cyberdefense claims a 14% increase in revenues for 2022, to almost 1 billion euros.
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the cybersecurity market | Italy
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