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Our latest UK Enterprise Cyber Security Supplier Rankings 2021 report contains the Top 20 UK supplier ranking (by revenue) for the UK Enterprise Cyber Security market. Despite the economic disruption caused by coronavirus lockdown restrictions, we estimate the overall market still managed to expand at a healthy rate of 6.2% during 2020.
Growth varied from one supplier to another, but those whose products and services were tightly aligned to network security and secure access service edge (SASE) solutions geared to remote working saw the highest level of double digit growth. Sales of on-premise security hardware declined due to a mix of supply chain issues, inflated prices and installation obstacles, but that only served to further boost demand for alternative platforms based on SaaS, software and managed security services.
While the market remains highly fragmented, bigger suppliers claimed a large proportion of total revenue in 2020 with many customers seemingly preferring to trust established cyber security providers with greater resources and staying power in an uncertain economic environment.
Subscribers to TechSectorViews can read more detail in our UK Enterprise Cyber Security Supplier Rankings 2021 report here. If you don’t have a subscription and would like to know more about how to access our services, please email Deb Seth for more information.
Posted by Martin Courtney at '09:15' - Tagged: rankings revenue cybersecurity 2021
