UK Cybersecurity Soars to £13.2bn Despite Skill Gaps and Salary Snafus
The UK cybersecurity industry is popping off like a champagne cork, with a 12% revenue jump to £13.2bn. Yet, hiring remains trickier than untangling earphones. Despite a 21% GVA boost, skills shortages and salary squabbles persist. With 93,000 open roles, it’s time for a cyber recruitment drive—grab your keyboards, folks!
Hot Take:
It turns out that the UK’s cybersecurity industry is not just about stiff upper lips and cups of tea; it’s about making serious cash and creating jobs faster than you can say “phishing scam”! With revenues soaring like a James Bond car chase, the industry is on a rollercoaster of success despite the baggage of a skills gap and salary demands that could make a banker blush. So, if you’re not in cybersecurity yet, maybe it’s time to swap that magnifying glass for a digital microscope and get in on the action!
Key Points:
- The UK cybersecurity industry increased its total revenue by 12% to £13.2 billion.
- There are 2165 cybersecurity firms in the UK, with a significant portion offering services.
- 56% of these firms are micro-businesses, but medium and large businesses have a higher share compared to other sectors.
- Only 26% of UK cybersecurity firms have an international presence, focusing mainly on the EU and US.
- The industry faces challenges like a shortage of skilled candidates and high salary demands.