GTDW FDI Trade & Supply Chain Digitalisation News
Jun 24, 20221 min
Accelerated global digitalisation, particularly during the Covid-19 crisis, has led to an accompanied rise in cybercrime. Global cybersecurity revenues will see strong growth, reaching $198bn by 2025, up from $125.5bn in 2020, according to GlobalData’s thematic research team.
This figure includes software, hardware and services. GlobalData predicts the strongest growth in software, which will increase from $52.1bn in 2020 to $96.5bn in 2025 – representing a compound annual growth rate of 13%.
Foreign direct investment (FDI) in IT and software services is the leading sector for global cross-border investment, making the rapidly growing subsector of cybersecurity a focus for locations vying to capitalise on this growth – but which global hubs are succeeding in attracting the most FDI in cybersecurity?