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Industry Landscape
The cybersecurity industry is experiencing rapid growth driven by increasing cyber threats, stringent regulatory demands, and the digital transformation across all sectors. Organizations are prioritizing robust security measures, with a strong demand for specialized services like PCI compliance, managed security, and expert consulting. The industry faces challenges in talent shortages and the constant evolution of threats.
Total Assets Under Management (AUM)
Cybersecurity Market Size in Ireland
~250 million USD (2023 estimate)
(10-15% CAGR)
-Driven by increasing digital transformation and cloud adoption.
-Heightened awareness of cyber risks among businesses.
-Growing need for compliance with regulations like GDPR.
Total Addressable Market
250 million USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI in Cybersecurity
Artificial Intelligence and Machine Learning are increasingly being used to automate threat detection, predict attacks, and enhance incident response capabilities, moving cybersecurity from reactive to proactive.
Zero Trust Architecture
This security model dictates that no user or device should be trusted by default, regardless of their location, requiring strict identity verification for every access attempt, thereby reducing the attack surface.
Quantum-Resistant Cryptography
As quantum computing advances, new cryptographic algorithms are emerging to protect data from future decryption by quantum computers, ensuring long-term data security for sensitive information.
Impactful Policy Frameworks
Digital Operational Resilience Act (DORA) - EU (2022)
DORA is an EU regulation aimed at strengthening the IT security of financial entities, ensuring they can withstand, respond to, and recover from all types of ICT-related disruptions and threats.
This policy directly impacts financial and payment services clients, requiring them to enhance their digital resilience, which creates a significant demand for 247 CyberLabs' testing, consulting, and managed security services to ensure compliance.
NIS2 Directive - EU (2022)
The NIS2 Directive is an updated EU wide legislation on cybersecurity that expands the scope of critical entities and sectors required to implement robust cybersecurity measures and report incidents, covering more businesses than its predecessor.
The expanded scope of NIS2 will increase the number of Irish businesses requiring compliance services, network security assessments, and incident response planning, directly boosting demand for 247 CyberLabs' expertise across multiple industries.
PCI DSS v4.0 - PCI Security Standards Council (2022)
PCI DSS v4.0 is the latest version of the Payment Card Industry Data Security Standard, introducing new requirements for security, flexibility, and sustainability for entities handling cardholder data.
This update directly affects 247 CyberLabs' core PCI compliance services, requiring them to assist clients in adapting to the new, more stringent requirements and further solidifying their position as a trusted QSA in the Irish market.
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