Exporting cyber security services to the world The UK is the third largest exporter of cyber security services globally. UK cyber security exports have grown from £4.2 billion in 2020 to £5 billion in 2021 (an increase of 20%). The future of cyber insurance 28% of all cyber insurance flows through the City of London. Discover the ambition for London to become the pre-eminent global hub for cyber insurance, the benefits this will have for the broader UK, and how the London cyber security ecosystem and insurance industry can collaborate to achieve this. Read the full report A growing sector The UK cyber security market grew 3% in 2022, reaching over £10bn in revenue A growing sector Established community There are nearly 600 established cyber security product and service providers within London alone Established community Access to finance £302 million has been raised across 76 deals in dedicated cyber security firms in 2022 Access to finance There are more than 1,950 cyber security companies in the UK UK capital investment in cyber security highest in Europe The UK employed more than 58,000 people in the cyber security sector in 2022. This represents growth of 10% since 2021 Partner story iProov: 'The quality of computer science expertise is unrivalled.' iProov: 'The quality of computer science expertise is unrivalled.' partner story LORCA: 'The UK has always had, and will always have, a global mindset.' LORCA: 'The UK has always had, and will always have, a global mindset.' see more case studies "The pool of skilled staff in technology, marketing, sales and operations that we can access here in London is unrivalled anywhere else." Andrew Bud, Chief Executive and Founder iProov "The Financial Conduct Authority is considered by international regulators as one of the most progressive and supportive bodies approaching innovation. They are very happy to work with and talk to emerging technology businesses in the finance sector." Asif Faruque, Head of Content Level39 1 2 Everything you need The UK offers you everything you need to grow your business. We have a global outlook, which means we understand your business needs. The depth and breadth of our offer mean unparalleled opportunities for you to grow. Innovation is what we do - creating an inspirational ecosystem where you can thrive. Choose the UK Innovation Open and global Business environment Opportunity Talent Industries A UK-wide offer Need more information? The City of London Corporation London & Partners Great Campaign TheCityUK Innovate Finance Association for Foreign Banks Association of British Insurers The Investment Association AFME UK Finance