Companies globally are expected to spend $115 billion on security in 2020, according to GlobalData estimates
The global security industry will be worth $238 billion by 2030, and will have grown at a CAGR of 6.4% during 2019–2030
Innovation-led technologies of the future identified by GlobalData (link) like Artificial Intelligence, Blockchain and 5G have the power to transform and revolutionise whole sectors and industries, but unfortunately they also create newer and sophisticated cybersecurity risks.
However, attempts to combat these emergent risks are also being developed, and we identify key emerging technology innovations in cybersecurity which will usher in advanced solutions to increase resilience against new-age cybersecurity risks.
Delving deep into GlobalData’s patents datasets and employing cutting edge AI and ML approaches, we analyse large universe of patent documents to identify key emerging patents and innovation filed within cybersecurity.
Chart below depicts the evolution of emerging technology innovations in cybersecurity through time and their current pace of growth. We highlight currently emerging technologies in cybersecurity (see box in the chart) which will lead the next wave of innovation in this space, like Quantum Cryptography, Chaotic Signals, Photonic Quantum Communications, Blind Signatures (zero knowledge proofs), Vehicle anti-theft systems, to name a few.
Next, we also quantitatively assess how ‘Radical’ (high technical depth and wide applicability) or ‘Incremental’ (moderate technical depth and applicability) the technology innovation is going to be. This uses technologies application diversity as measured by the scope of applications areas covered in the patents and technical depth as measured by the extent to which the patent draw upon on certain technology field.
We provide a quick flavour of what these technologies mean and what cyber-security threats they defend against
Finally, we also list front-runners in each emerging tech innovation areas to understand the leading players in the area, as well as the impact they will have – whether ‘Radical’, ‘Incremental’ or somewhere in-between. Notably, several players in the automobile value chain, apart from the car manufacturers have also been innovating in this area.
We highlight some interesting areas companies are working on in this space.
Adarsh Jain, CFA
Director, Financial Markets
United States of America
South Korea
Germany
United States of America
China
Ireland
United States of America
United States of America
Hong Kong
Don’t wait - discover a universe of connected data & insights with your next search. Browse over 28M data points across 22 industries.
Access more premium companies when you subscribe to Explorer