This is a best prospect industry sector for this country. Includes a market overview and trade data.
As a high-tech country, Finland has a need for cybersecurity solutions. This is evident by the market size, which a Finnish industry association, AlliedICT, estimates to be valued at EUR 1 billion in 2019 and growing annually. Government awareness and support is also strong, with the National Cyber Security Center (NCSC-FI) coordinating industry-specific working groups to engage private sector companies. NCSC-FI has launched a “cybersecurity mark” that companies can apply for to showcase their products demonstrate good cybersecurity practices.
As the official languages of Finland are Finnish and Swedish, cybersecurity solutions that work with minor languages have an edge. Due to the high-tech nature of the Finnish society, all cybersecurity solutions and components to help build such solutions have a market.
In a recent study conducted by the Helsinki Chamber of Commerce, Safety 2021 (Turvallisuus 2021), a quarter of the respondents had worked in a company that suspected it had been a victim of corporate espionage with over a fifth of verified cases had resulted in losses of over $1,000,000. The study identified 70 percent of companies do not know or have the capability to identify corporate espionage correctly.