European ict security business opportunities


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Presentation at Finpro Market Opportunity Day 22.10.2013.

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European ict security business opportunities

  1. 1. European ICT security business opportunities Marjaana Karjalainen, Anne Laitinen
  2. 2. Why now? • Information security – The hot topic of 2013 • European Union cyber security strategy Europe into reliable & secure environment • ICT security – one of the few growing segments in Europe • Demand is on now! 22/10/2013 © Finpro 2
  3. 3. Changes in the environment • Big data, growing usage of mobile devices, Bring Your Own Device trend in work • Cyber-attacks push companies into investing in ICT security • The discussions about reliability of global players 22/10/2013 © Finpro 3
  4. 4. Security needs • Bank and finance • Retail • Communications • Healthcare • Cloud • Integration • Platform 22/10/2013 © Finpro 4
  5. 5. ICT security solutions are needed in European market With the new cyber security strategy EU is aiming at making Europe a leading cyber security environment. The ICT security market in Western Europe is growing annually by around 10 %, despite the current economic situation. France 83% of French are ready to adopt m-commerce, provided that the security level guarantees protection of their bank details France The French IT security market was estimated at 1,2 billion €, with an annual growth of about 910%, which is a 2-4 times higher growth rate than other IT sectors. The Netherlands Country is world’s top 3 provider of hosting IT services. One of the biggest internet switching points is located in the country. Belgium The Federal Police estimated the annual cost of cybercrime at 1 to 3 billion euros for the Belgian economy Benelux countries Forecasted 7% growth in the security sector next year. Driven by increased data protection regulations, consumerization, and deployment of mobile and cloud-based solutions. Denmark E-signatures and e-agreements often discussed but concrete usage is limited 22/10/2013 Germany Calls for action and stronger legislation are growing, and will be difficult to ignore in the long run Italy More investments in IT security, especially in identity and access management, smart cards, data loss prevention Sweden & Denmark Banks have had issues with skimming and lost consumer data. © Finpro 5
  6. 6. Why a Finnish company? • Neutral, reliable country with a good reputation • World class expertise on ICT security solutions as well as in integration, cloud and platform solutions 22/10/2013 © Finpro 6
  7. 7. Finpro’s local knowledge of the market and players there is of unprecedented value. The value is even greater when Finpro has both local and Finnish staff: The Finnish staff understands the client and the local staff understands the business ecosystem in the market. We have used Finpro in various markets to help us with channel development issues. Kim Fagernäs, Vice President, Stonesoft Oyj Stonesoft delivers software based, customer-driven network security solutions to secure the information flow and simplify security management at customer sites.
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