Russia Cybersecurity Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Russia Cybersecurity Market is anticipated to grow with a CAGR of 11.13% during the forecast period. Cybersecurity is a critical issue for national security. It affects the public and commercial sectors and encompasses various concerns linked to national security, whether through terrorism, criminal behavior, or state and industrial espionage. Due to the growing IT technological innovation and the capabilities of cyber weapons that pose a threat to national security, the threat landscape is constantly shifting.
Key HighlightsThe Russian cybersecurity market is moderately consolidated, with a few major companies. The companies continuously invest in strategic partnerships and product developments to gain more market share. Some of the recent developments in the market are:
In March 2022, Royal Philips, a global health technology provider, announced the expansion of its medical device cybersecurity services portfolio at HIMSS22. Philips is introducing Secure Remote Access Management Service, leveraging the broad security capabilities enabled by integrating SecureLink's critical access management and governance technology with Philips Remote Services' secure connectivity framework for technical and clinical support. The services benefit healthcare providers, including increased uptime, clinical performance, and advanced security to help protect access to their clinical solutions and medical devices.
In February 2022, Vice Prime Minister Mykhailo Fedorov said Ukraine launched an "IT army" to fight against Russia's digital intrusions. Ukraine has called its hacker underground to help protect critical infrastructure and conduct cyber spying missions against Russian troops.
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