The State of Israel is one of the strongest countries in the field of cybersecurity companies. As the total exports of Israel in 2014 amounted to more than 6 billion dollars, representing 8% of the total global market at that time, which amounted to 71.7 billion dollars.
This global market for cybersecurity companies is being acquired by both the United States of America and the United Kingdom. Simultaneously, Asian countries such as India and China have much higher growth rates in this area, and these countries drive economic growth in the Asian continent.
It is true that Israel is a small country and does not have such enormous capabilities as the United States or China possess. But it suffices to know that “Bank of America” talked about a comprehensive report on the role of Israel in the global technology industry, especially in the sector of cybersecurity companies.
Israel has a proven track record of being the best exporter of startups in the world that are relied upon by major economies such as that of the United States of America. Israel is the pioneer in the sector of startups developing cybersecurity technology. In 2014, Israel exported more than $ 6 billion in products from cybersecurity companies operating inside the country, double the number in the year before 2013, according to a report published by the Fifth Annual Conference on Cybersecurity for 2015.
Israeli cybersecurity
Israel has the lowest rates of cybercrime globally, as there is only 1% of it in the world. The rate of cybercrime in the United States exceeds 24%, and China is more than 9% in the world. Perhaps the activity of the market for cybersecurity companies is the reason that makes Israel one of the countries most prepared for cyberattacks
The Israeli company Check Point is considered one of the largest cybersecurity companies globally, with a market value of more than 15 billion dollars. It is one of the 15 Israeli information security companies listed on the US Nasdaq.
According to a special report by IVC on the Israeli cybersecurity industry, 430 companies are operating in this sector in Israel, compared to 250 companies in 2006 (almost double the number after a decade) and 20 companies in 1996 (20 times as many in 1996).
Of those 430 companies, only 46% have initial revenues, and only 9% have annual revenues over $ 10 million. This means that the remaining 45% are still developing themselves and searching for new global markets. Even they will undoubtedly contribute to the general development of the cybersecurity company sector in Israel.
