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Cyber

Europe's hub of cyber security

The UK's offer

  • Be part of the largest cyber security market in Europe valued at £11.9bn
  • Choose from a talent pool of more than 60,000 people employed in the industry
  • Benefit from being part of the UK’s engine room for cyber innovation, supported by the UK’s National Cyber Strategy 2022-2030
  • Enjoy unmatched understanding of the needs of the industry
  • Join a growing cluster of cyber companies, from start-ups to small and medium sized enterprises, already in the UK

Access to innovative and effective cyber security expertise

The UK cyber security market is the largest, most concentrated, and accessible cyber market in Europe. World-leading cyber firms are located here, taking advantage of exceptional pipelines for talent and investment. The UK provides ready access to cutting-edge cyber security expertise that will keep firms resilient and competitive as the cyber landscape evolves. 

A thriving UK cyber security sector is a key national security and prosperity aim - as set out in the Government's National Cyber Security Strategy. The strategy ensures that the UK remains confident, capable and resilient in this fast-moving digital world; and that it continues to adapt, innovate and invest in order to protect and promote our interests in cyberspace.  Meanwhile, the Government-funded London Office for Rapid Cyber Advancement (LORCA) is a centre for driving innovation and positioning the UK as a leader in the fast growing industry. 

Synthetic data solutions

The regulator's progressive mission for combating APP fraud

The regulator's progressive mission for combating APP fraud

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 £5 billion in 2021 to £6.2 billion in 2022 (an increase of 21.8%).

 

The future of cyber insurance

In 2022, London accounted for $4.5bn of global cyber insurance Gross Written Premiums (GWP), representing 39% growth since 2020.

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 13% in 2023, reaching £11.9bn in revenue

A growing sector

Established community

There are more than 1,000 cyber security firms' offices in London alone.

Established community

Access to finance

£400 million has been raised across 85 deals in dedicated cyber security firms in 2023

Access to finance

There are more than

2,000

cyber security companies in the UK

The market value of the UK's cyber security industry is the

highest

in Europe

The UK employed more than

60,000

people in the cyber security sector in 2023. This represents growth of 5% since 2022

"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

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