Join the U.S. Commercial Service (USCS) for a Webinar on Europe’s Cyber Security Sector
The value of the global cyber security market is expected to grow by 11.3 percent each year, reaching $120 billion by 2017.
The Western Europe region alone is estimated to contribute $28.1 billion to this industry, driven by changing threats and technologies. (Source:Markets&Markets)
- Introduction and Moderator – US Department of Commerce
- Overview of Cyber Security market opportunities in Bulgaria, Croatia, Czech Republic, Hungary, and Romania
- Bulgaria: Aims to develop its domestic cyber capabilities while concurrently engaging the international community on cybersecurity issues. Bulgaria has signed a memorandum of understanding with NATO on fostering international collaboration to counter cyber threats through information- and capability-sharing. In response to increasing cyber security threats, the Bulgarian government with the support of European commission will spend 8 million euro for Botnet fighting and 1 million euros for regulations of cyber threats.
- Croatia: Croatian law now requires that private companies have a variety of protection systems in place, including an Intrusion Prevention System. The financial and the telecommunications sectors combined equaled more than one-third of annual consumption in this market in 2013. The value of the Croatian security software market totaled $14.2 million in 2013. Distributed Denial of Service (DDOS) attacks are one of the largest cyber threats in Croatia affecting private businesses.
- Czech Republic: The need for enhanced cyber security continues to be a top priority for the government, business community and the public. Cyber threats, cyber terrorism and warfare are on the increase. The Cyber Security market has grown rapidly in recent years. This trend is expected to continue, even accelerate, as the Czechs are more and more security conscious, and trying to prevent any form of a potential attack. Cyber security breaches are on the rise.
- Hungary: With the growth of the information & communication technology and relevant consumer electronics there is an increasing need to provide a safe cyber space in everyday life. In recognition of these changes, cyber security has indeed become a key concern over the past few years in Hungary. A growing number of organizations, events and regulatory requirements highlight the necessity for a strong and secure cyber space not only within the private but also within the public sector.
- Romania: In response to increasing cyber security threats, the Romanian government adopted a national action plan to implement the Nation Cyber Security System (SNSC). The IT industry in Romania has expressed a desire for enhanced cyber security in sectors such as business analytics, mobile computing, cloud computing, and social business, as companies and government alike are increasingly dependent on cyberspace. The number of attacks on companies and government departments in Romania rose.
- *Countries Subject To Change
Register Today At:
Date: Wednesday, February 11, 2015
Time: 8AM PST/11AM EST/5PM CET/
Venue: Your Computer (via web link provided upon registration)
For more information contact:
Senior International Trade Specialist
Senior International Trade Specialist
Email: Pompeya.Lambrecht@trade.gov Phone: 703-235-0102
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