After recent high profile security breaches at the likes of TalkTalk and Vodafone, cyber security is news. As companies suffer cyber-crime, security is proving to be big business as companies seek to offer their clients the best protection.
However, market analysts Plimsoll point out that when choosing a provider it is also imperative to check how financially stable they are. Plimsoll have produced a new study on the world’s 300 largest cyber security companies which shows:
one in six of the world’s largest Cyber Security companies are losing money;
44 companies are in perilous financial danger; and
The market looks primed for consolidation with 26 companies ripe for acquisition in 2016.
David Pattison, lead analyst at Plimsoll says: “It’s something of a gold rush at the minute with most companies completely unprotected until they are attacked. However, the latest Plimsoll Analysis has identified 44 providers that are financially unstable. When choosing a company to protect your business you need to invest a significant amount of time and money integrating their products into your own business. With this in mind, isn’t it prudent to check if your chosen provider is likely to be around to give the cover you need for at least the next few years?”
The Plimsoll Analysis provides a health assessment and valuation on the 300 cyber security companies. A series of charts and written summaries show you which companies are strong and those that could be heading for financial trouble over the next few years. For details contact Plimsoll’s Global Team on +44 (0)1642 626422 or email [email protected].
How to buy
Copies of the report are available for £950 by calling Plimsoll Publishing Ltd on 01642 626 422.
