Cybersecurity is a rapidly growing industry internationally, for which there are a number of opportunities and challenges:
- $248 billion worldwide cybersecurity spending by 2023
- Over $600 billion – the global cost of cybercrime in 2017
- 0% – the unemployment in cyber security and 3.5 million unfilled jobs predicted by 2021
- Increasing global competition for talent & investment
Ireland has become a significant base of international technology and security companies:
- Top 5 worldwide security software companies are located in Ireland
- Over 6,000 people working in the cyber security industry
- Strong talent pool, highly skilled multi-lingual workforce
- One of the highest graduates enrolments in mathematics, science and technology fields in the EU-28
- Many of the leading global technology companies have a significant presence in Ireland, such as Microsoft, Intel and Google
Ireland is uniquely placed to benefit from increased global investment, it has an opportunity to position itself as a world class cyber security practices, solutions and investment hub. Cyber Ireland aims to facilitate the cyber security ecosystem to capitalise upon this opportunity.
What is being launched?
IDA Ireland is supporting the establishment of a National Cyber Security Cluster in Ireland, which is hosted at Cork Institute of Technology. Based on industry feedback from a cyber security industry forum event held in Cork in 2017, the establishment of a national cyber security cluster was called for by industry, which would address the following objectives:
- Skills – Sustainable generation of a critical mass of talented information security professionals
- Innovation – Enhanced information security research and innovation between industry and academia
- Promotion – Stronger national industry sector branding
- Internationalisation – international & business development supports
- Collaboration – Explore opportunities for cross-industry collaboration
Cyber Ireland is based on cluster-style initiatives (operating across Europe & internationally), that have proven extremely successful in enhancing innovation, growth and competitiveness of regions, and the companies that are part of the cluster.
For the cluster to be successful, it needs to be industry-driven, fueled by third level education and supported by Government. Without the co-operation of these three pillars, the cluster cannot reach its full potential.