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The Global CYBERSECURITY Landscape: a Study

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The Global CYBERSECURITY Landscape: a Study The Global CYBERSECURITY Landscape: A Study Smart CEO Cybersecurity 35 A listing & profiling of 35 promising companies across enterprise & network security, web & mobile security, wireless, cloud and database security, and more. The Global Cybersecurity Report on business and entrepreneurship, 2018 has been commissioned by through our events, print magazine Smart CEO, with support from IDA and various digital platforms. Ireland. The report takes a deep dive into the current state of the Ireland’s inward investment promotion global cybersecurity industry, through agency, IDA Ireland is a non- features of 35 companies, among commercial semi-state body promoting many more, which are leading the Foreign Direct Investments into Ireland change in the industry today. through a wide range of services. The organisation partners with potential Smart CEO is a community of CEOs, and existing investors to help them business leaders and entrepreneurs establish or expand their operations in who come together to impart Ireland. invaluable knowledge and insights About the Author Madhumita Prabhakar is a Senior Researcher at Smart CEO. Her work focuses is on chronicling stories of exciting entrepreneurs from various sectors including technology, healthcare, retail, financial services and education. 1 IDA Ireland - Smart CEO Global Cybersecurity Landscape - A Study 2 Contents Ireland: The Silicon Valley of Europe 06 Highly skilled labour, technology, infrastructure, connectivity and an attractive corporate tax rate has made Ireland one of the most attractive investment destinations for global corporations The Race to Build A Secure Digital World 09 The cybersecurity industry is witnessing three landmark changes today; emergence of newer technologies, rise of a new wave of disruptive cybersecurity startups and collaboration among MNCs and startups in this space to proactively combat cybercrimes Smart CEO Cybersecurity 35 15 A profile of 35 global companies across varied sub-sectors, leading a change in the industry today 3 IDA Ireland - Smart CEO Global Cybersecurity Landscape - A Study 35 Cybersecurity Startups To Watch Out For Sift Cylance PixAlert Netfort Stack Path Science Email Illusive Post TrapX Virtru Laundry Networks Quantum 4 Argus Cyber Wickr Zimperium CyberX Appthority Security Cloudfare OneLogin Tanium Sensipass Lookout RedSeal Rubicon Labs Phantom Cyence Illumio Networks Tenable The Network CrowdStrike Integrity360 Herjavec FireEye Security Group Darktrace Druva RiskIQ Skybox Evident.io 5 IDA Ireland - Smart CEO Global Cybersecurity Landscape - A Study Ireland: The Silicon Valley of Europe A combination of highly skilled labor, technology, infrastructure, connectivity and 12.5% corporate tax rate has made Ireland one of the most attractive investment destinations for global corporations. In the last two years alone, Ireland has been ranked as the best country in Western Europe to invest in1, the 1st in EU for ease of doing business2, and 1st in the World for inward investment by quality and value3 et’s begin with an interesting environment for global businesses to fact. Did you know that the thrive in?? Top 10 companies on the Forbes’ list of The World’s To understand this, let’s look at each Most Innovative Companies’ aspect of the economy. At a broad, Lhave Irish operations? Think Intel, economic level, Ireland has been an Twitter, Pfizer, Citi, Huawei, Takeda, EU member since 1973, with a labor Fujitsu, Novartis and Trend Micro. force of over 250 million people, So, what makes Ireland a conducive and with access to over 500 million 6 EU consumers. With a corporate tax of 12.5%, Ireland has recorded a INVESTMENT DELIVERY BY TERRITORY fifth consecutive year of economic expansion, while also being called out for being the fastest growing and most competitive economy in Eurozone in 2017 (for four consecutive years). The country recorded a GDP growth of 4% (in 2017) for four consecutive years, with national and international forecasts predicting that the strong 21 160 56 Investments from GDP growth will continue in 2018 and Investments from Investments from Growth 2019 as well. A closer look at Ireland’s North America Europe growth story indicates that at a broad Markets sectoral level, manufacturing PMI hit record high in December 2017, with services, retail sales and construction also growing strongly. Ireland has also seen a consistently strong consumer sentiment and spending, with personal debt at its lowest since 2005. PRODUCTIVITY, EASE OF DOING BUSINESS, QUALITY OF LIFE IN IRELAND Secondly, in terms of education and access to skilled labor, Ireland is the only English speaking country in the $120,035.92 7.53 per person (2015) Overall Foreign High-Skilled Eurozone, and is ranked among the 12.5 % Corporate Tax Productivity People* Top 10 educated workforce in the world, with 98% participation rate in education amongst 18 year olds, and 53% aged 30-34 having successfully completed third level studies (amidst the EU average of 39%). 6.71 7.95 8.79 Ease of Doing Attracting & Quality of The country also ranks among Business* Retaining Talent* Life* Top 10 in availability of senior management talent, with access to people with native level EMEA *Index of 1-10 where 10 is highest market language skills in a centralized location. Furthermore, 2.06 million people currently work at Ireland, at reasonable costs has played an undertaken by technology companies and the country has the 3rd largest instrumental role in helping MNCs in Ireland include hardware and international workforce in Europe, In further scale their operations in Ireland software R&D, data centers and cloud terms of labor costs, it has remained is evident from US-based job search services, sales and technical support, relatively stable since 2012, increasing engine, Indeed, planning to double its finance and legal functions, security by just 4% overall, as compared to a workforce and add 500 new jobs in operations centers and more. 6.6% increase in the EU. In fact, Irish two years in its EMEA headquarters. labor cost is ranked 11th in the EU, Even LinkedIn, the professional In terms of investments in the economy, below countries like UK, Germany and networking platform, which initially the country has seen 237 investments Belgium. That being said, economized setup its base in Dublin as a three- in 2017, with 76 of those directed labor cost doesn’t translate to lower member team in 2010, now employs towards expansions, 50 towards R&D productivity; statistics indicate that 1,200 people. and the rest being fresh infusions. Irish labor productivity is 74% above Primarily, global giants have made the EU27 average. Being a collaborative, pro-business the investments from North America, environment, some of the activities Europe and other growth markets. That availability of quality talent 7 IDA Ireland - The Smart CEO Global Cybersecurity Landscape - A Study Thirdly, in terms of connectivity, Ireland is the only European country with RESEARCH AREAS & NO. OF COMPANIES INVESTING IN EACH immigration pre-clearance facilities AREA IN IRELAND for flights to the United States, with Shannon and Cork airports having year round direct flights to the US (New York & Boston). There are 54 daily weekday flights between Dublin and London, making Dublin the second busiest international route in the world. All Irish airports also have 70 weekday flights to London. In fact, the airports also connect to all major Asian cities via Dubai, Abu Dhabi, Doha ,Istanbul, with 2018 set to include four flights a week week to Hong Kong. The Importance of Cybersecurity in Ireland Ireland is home to a string of global cybersecurity giants; think Symantec, Trend Micro, VMWare, Veritas and IBM. Across all verticals, the security software sector plays a key role in Ireland. Many leading global security CYBERSECURITY RELATED COMPANIES IN IRELAND software companies have a significant presence in Ireland across a chain of activities such as R&D, supply chain management, shared services, multilingual tech support and more. For example, let’s look at some recent investments in Ireland; Kaspersky Labs has invested US $5 million in its first R&D lab in Dublin, Hortonworks has opened larger offices in Cork, thus creating 50 new jobs, DocuSign has opened a Cybersecurity Centre of Excellence in Dublin, and Fazzi Healthcare Services has established a awareness and engagement stage, to healthcare services and coding centre 1Global Best to Invest Report, Site investor evaluations, implementation in Limerick, thus creating 300+ jobs Selection, May 2015 over the next five years. and after-care. IDA’s host of support services include introduction to peer 2The World Bank Doing Business Creating a Global Business Hub companies and access to Government support system, design and hosting 3IBM Global Location Trends Report 2016 With Ireland consistently being ranked of tailored fact-finding site visits, – per capita among the best countries in the information gathering, analysis and World to invest in* and do business evaluation, and support through IDA *As indicated in Global Competitiveness in*, IDA Ireland has been playing funding programmes and incentives, Reports an instrumental role, since 1949, in employment permits and visa providing comprehensive support to processing, and public relations and companies, walking them through media support, to name a handful. their investment journey; right from 8 The Race To Build A Secure Digital World With digitization and Internet becoming the norm for businesses world over, the
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