The Growing Market of Safe Tech

A Market That The UK Plays a Leading Role

The Internet is possibly the greatest “invention” in the history of humankind. It brings such benefits, but it also brings a whole lot of new ways to perform criminal activities. These days, robbers do not wear strippy jumpers and black masks to rob banks but will more typically spear phish elderly people for their banking details. Criminals, these days, can steal someone’s pension; they can create content which can cause harm; and send abuse, with little chance of ever being caught. If someone abuses you in the street, they are likely to get caught, but if someone does it online, they have a good chance of getting away with it.

The Internet is both a blessing and our worst nightmare. But, there is one area of the economy would aims to stand against the bad side of the Internet: Safe Tech.

For us, our third Cybersecurity spin-out (Cyacomb) is leading the way and has translated core research into products which can scale the world. Now, a new report (“International State of Safety Tech 2023”) outlines the growth in the sector. [here]. For this, the report defines that “security in the cyber age, [is] a $4.6 trillion market opportunity”. The four main sectors in “Safe Tech” are defined as:

• Generation: Companies who create privacy-aware products…