Finland - Country Commercial Guide
Cybersecurity

This is a best prospect industry sector for this country.  Includes a market overview and trade data.

Last published date: 2021-09-14

Cybersecurity

Overview

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.

Leading Sub-Sectors

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.

Opportunities

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.