Why is the cybersecurity market so fragmented

European Parliament / Think tank

Towards an independent and trustworthy ICT industry in the EU

20-12-2017

Fighting cybercrime effectively and ensuring privacy is paramount to individuals' trust in a digital environment where cyber threats are increasing in number and complexity. A number of challenges separate the European Union (EU) from its goal of a trustworthy digital single market that is resistant to cyber attacks: (1) insufficient funds for the development of European cybersecurity companies, (2) fragmentation of the European cybersecurity industry, (3) heavy dependence on providers outside of it EU, (4) mismatch between government R&D programs and market needs, (5) regulatory fragmentation, and (6) inconsistent requirements for standardization and public procurement across Member States.

Fighting cybercrime effectively and ensuring privacy is paramount to individuals' trust in a digital environment where cyber threats are increasing in number and complexity. A number of challenges separate the European Union (EU) from its goal of a trustworthy digital single market that is resistant to cyber attacks: (1) insufficient funds for the development of European cybersecurity companies, (2) fragmentation of the European cybersecurity industry, (3) heavy dependence on providers outside of it EU, (4) mismatch between government R&D programs and market needs, (5) regulatory fragmentation, and (6) inconsistent requirements for standardization and public procurement across Member States.