The UK government is claiming a record year for revenue in the cybersecurity sector saying the industry generated £10.1bn.
The figure represents a 14 per cent increase on last year, when total revenue generated by the sector was £8.9bn, according to figures from the Department for Digital, Culture, Media and Sport (DCMS).
The DCMS Annual Cyber Sector Report also revealed that UK-registered cyber firms attracted around £1bn in external investment across 84 deals. It said 1,800 cybersecurity firms contributed around £5.3bn to the UK economy in 2021, rising by a third on the previous year from £4bn – the largest increase since the report began in 2018.
Digital secretary Nadine Dorries said: “We are investing in skills training and business initiatives to help the UK go from strength to strength as a global cyber power and open up the sector to people from all walks of life.”
Last year the government launched a £2.6bn National Cyber Strategy, intended to steer the state’s thinking on on offensive and defensive technology up to 2025.