Première édition du Luxembourg Cybersecurity radar de Wavestone, qui liste 15 start-up sur les 40 qui existent au Luxembourg.

1. © WAVESTONE 1
Luxembourg Cybersecurity Startups
Radar 2019 first edition
Market analysis and main takeaways
June 2019
Jean DIEDERICH
jean.diederich@wavestone.com
Partner
Jules HADDAD
jules.haddad@wavestone.com
Senior Consultant

2. © WAVESTONE 2
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leaders in their industry
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across 8 countries
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consultancies in Europe,
n°1 in France
In a world where permanent evolution is the key to success,
Wavestone's mission is
to enlighten and partner with business leaders
in their most critical decisions.
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3. © WAVESTONE 3
: Wavestone startups accelerator
Accelerate
Startups by helping them boost
their commercial growth
WavestoneStartups
Market watch
in order to develop our vision of
startups ecosystem

4. © WAVESTONE 4confidentiel | © WAVESTONE 4
Extract of innovation actors in
Luxembourg

5. © WAVESTONE 5confidentiel | © WAVESTONE 5
Wavestone & the Luxembourg
digital eco-system

6. Our approach to build the 2019
Luxembourg Cybersecurity
Startups Radar

7. © WAVESTONE 7
Luxembourg Cybersecurity Radar: Our methodology
40
cybersecurity
startups in our
global watch
list
Global
watch on
cybersecurity
and digital trust
startups
15
startups
selected for the
radar
Our criteria
Headquartered and/or R&D
in Luxembourg
Less than 35 employees Less than 7 years of existence
(except major business changes)
Validation through open sources and direct contacts with most of the startups in the Radar

8. Part I: The 2019 Luxembourg
Cybersecurity
Startups Radar

9. © WAVESTONE 9
The 2019 Luxembourg
CYBER-SECURITY
STARTUPS radar
by
CYBERCRIMINALS
USERS &
THEIR DEVICES
DATA
NETWORK
APPLICATIONS
NEW
TECHNOLOGIES
RISK MANAGEMENT
& COMPLIANCE

10. © WAVESTONE 10
The 2019 Luxembourg
CYBER-SECURITY
STARTUPS radar
by
CYBERCRIMINALS
USERS &
THEIR DEVICES
DATA
NETWORK
APPLICATIONS
NEW
TECHNOLOGIES
RISK MANAGEMENT
& COMPLIANCE

11. © WAVESTONE 11
The 2019 Luxembourg
CYBER-SECURITY
STARTUPS radar
by
CYBERCRIMINALS
USERS &
THEIR DEVICES
DATA
NETWORK
APPLICATIONS
NEW
TECHNOLOGIES
RISK MANAGEMENT
& COMPLIANCE

12. © WAVESTONE 12
The 2019 Luxembourg
CYBER-SECURITY
STARTUPS radar
by
CYBERCRIMINALS
USERS &
THEIR DEVICES
DATA
NETWORK
APPLICATIONS
NEW
TECHNOLOGIES
RISK MANAGEMENT
& COMPLIANCE

13. © WAVESTONE 13
The 2019 Luxembourg
CYBER-SECURITY
STARTUPS radar
by
CYBERCRIMINALS
USERS &
THEIR DEVICES
DATA
NETWORK
APPLICATIONS
NEW
TECHNOLOGIES
RISK MANAGEMENT
& COMPLIANCE

14. © WAVESTONE 14
Identity and Access
Management
Data security
2 categories standing out from the others in the Radar
Pretty Easy Privacy’s solution is
an open source software that
ensure total confidentiality when
exchanging messages
CoinPlus materialize digital
private keys on one or
more physical media to
allow the secure storage of
cryptographic assets
Can be explained by the importance of “Data protection” in Luxembourg,
even more with the introduction of the GDPR Regulation in 2018

15. © WAVESTONE 15
Other categories with yet no Startups in the Radar
Application
security
Cloud
Low maturity on current cybersecurity issues in Luxembourg because
of local regulation and constraints on using the “Cloud”.
With the introduction of APIs and Open Banking, “Application security” becomes crucial
Setting-up local R&D / Innovation in “Threat intelligence & Forensics”
An opportunity in these categories because this is where the cybersecurity will be in the future
Threat intelligence & Forensics

16. © WAVESTONE 16
How to push further?
Maturity: Grow
cybersecurity expertise
in specific segments
Market: Create a fully
dedicated cybersecurity
incubator (cross business lines)Startups: Focus
on the differentiator
and local R&D / Innovation

17. Part II: Evolution of the
French Cybersecurity
Startups Radar over the
years

18. © WAVESTONE 18
Still a booming ecosystem
25
Startups created since
January 2018
136
cybersecurity startups
in France in 2019
2017
2019
2018
Number of startups in our Radar
100
128
136

19. © WAVESTONE 19
CYBERCRIMINALS
USERS &
THEIR DEVICES
DATACENTER NETWORK
APPLICATIONS CLOUD
The 2017 French
CYBER-SECURITY
STARTUPS radar
by

20. © WAVESTONE 20
The 2018 French
CYBER-SECURITY
STARTUPS radar
by
CYBERCRIMINALS
USERS &
THEIR DEVICES
DATA
NETWORK
APPLICATIONS
CLOUD
RISK MANAGEMENT
& COMPLIANCE

21. © WAVESTONE 21
The 2019 French
CYBER-SECURITY
STARTUPS radar
by
CYBERCRIMINALS
USERS &
THEIR DEVICES
DATA
NETWORK
APPLICATIONS
NEW
TECHNOLOGIES
RISK MANAGEMENT
& COMPLIANCE

22. © WAVESTONE 22
> 35 employees
A surging number of
fast risers
Company’s buyout
A new trend: cybersecurity
solutions that attract bigger
vendors
> 7 years of existence
Shows that growth is not
easy or not a goal
Liquidated
A surprisingly low
number for startups,
but higher than last year’s
edition
23 startups have left the Radar
52%
13%
13%
22%

23. © WAVESTONE 23
More jobs and better-structured teams
Over 1200direct jobs
87
39
10
Extra Small
(< 10 employees)
Small
(10-20 employees)
Medium
(> 20 employees)
Number of employees
56% increase in small
teams since last year’s edition
(-1%)
(+56%)
(+12%)

24. © WAVESTONE 24
Startups are increasingly innovative
58%
Reinvent
existing security
solutions
31%
Create
new security solutions
11%
Secure
new use cases
(IoT, cloud, etc.)44% of the startups created
since 2018 are creating
new security solutions

25. © WAVESTONE 25
The market is moving in the right direction
49%
63%
18%
Certification
18% of the startups have or are
acquiring the security visa from
the National Cybersecurity
Agency of France (ANSSI)
Proof of concept
63% of the startups’ POCs are
exclusively financed by the
clients.
International
49% of the startups already
have clients abroad.
Europe and the United
States are the preferred areas,
but Asia and Middle-East
appear as new options

26. © WAVESTONE 26
Technologic specificities in France
With 5 start-ups created in
2018, Privacy is a
thriving topic
Deception
appeared but remains
hardly covered
AI & Blockchain
expertise helps designing
innovative security solutions
Secure
collaborative tools
for data exchange and crisis
management is a growing trend

27. Jules HADDAD
Senior Consultant
M +33 (0)6 99 17 04 84
jules.haddad@wavestone.com
M +33 (0)6 16 10 20 70
frederic.goux@wavestone.com
Frédéric GOUX
Partner
M +352 661 322 351
jean.diederich@wavestone.com
Jean DIEDERICH
Partner

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