Israeli Cybertech Segment Punches Beyond Its Weight
Well-established Israel’s cybersecurity technological prowess and growing reputation as a global cybersecurity superpower start having impact on many national markets at all levels, among them government and public organizations, corporate entities and end users.
According to Market Research Media, the impact of Israeli cyber security technology on global marketplace in 2018 will reach $17 Billion, affecting about 20% of the global cybersecurity market. About $850 Million were invested in 2017 in Israeli cybersecurity startups, investment second only to the US in the same segment.
What makes the Israeli cybersecurity technology special and highly sought? The obvious answer is that the Israeli cybersecurity technology is often conceived, born and battle-tested within the ranks of former Israeli cyber warriors with vast experience at the very edge of cyberwar. This is an explanation on how the technology originates but not why it is increasingly popular.
The major driving factors for adoption of the Israeli cybertech solutions are:
Cost efficiency, doing more with less.
Down-to-earth practicality.
Asymmetric approach, turning the tables on adversary.
Adherence to principle that jack of all trades (and master of none) does not work well. Instead custom solution to custom problem.
Thinking like an adversary, thinking ahead of adversary.
SOCs are expensive. Built-in solutions may interfere with the customer system and are hard to implement. Bolt-on solutions are the way to go.
Israeli cybersecurity startups thrive in highly favorable ecosystem of government, academic, VC and corporate support. From their inception the Israeli startups pursue exit strategy, most likely acquisition by major IT vendors to incorporate startup solution in product offerings. The clear vision of the exit narrows focus on time-to-market, best-in-breed new product or service solving some mission specific problems.
The report provides quantitative market impact estimates and forecasts of Israeli cybersecurity technology adoption by selected markets, highlighting snapshots in specific national, governmental, corporate, mission-specific and technological market segments.
The report is intended for government agencies, public organizations, VC firms and IT vendors seeking Israeli cybersecurity technology as well as for Israeli companies looking to export cybersecurity expertise.
