The Cybersecurity industry in Australia has grown exponentially in recent years, fueled by the increasing importance of digital technologies in business operations and the rise in cyber threats. In 2022, the industry generated $9.6 billion in revenue and employed over 27,000 professionals, contributing significantly to the country's GDP. This article explores the factors contributing to the growth and success of the cybersecurity industry in Australia, key trends, challenges, and future outlook.
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COGNIZANT SERVIAN
752
+65 6812 4051 inquiry@cognizant.com
Cognizant Servian was formed on the deep expertise of two acquisitions: Servian and Contino. By combining Servian and Continos world-class consulting and engineering teams, clients are now able to take advantage of the most credentialed and experienced cloud and data group in the ANZ region. Servian a leading cloud and data consultancy with a proven track record in delivering outcomes and advice that boost business capabilities. Their highly skilled team of consultants ensured they focused on solving client objectives through the best use of technology to build competitive advantage. Continos consulting and engineering teams have completed more than 300 enterprise engagements since 2014. Specialising in helping the worlds leading brands accelerate digital transformation, clients have included brands such National Australia Bank, Bendigo and Adelaide Bank, JetStar, Origin Energy and Lasoo among others. This combined wealth of experience gives Cognizant Servian clients access to digit…
NEXTGEN GROUP
194
+61 2 9119 4200 info.au@nextgen.group
The NEXTGEN Group is a pioneering technology services group that supports the channel ecosystem. We do this through the active management of a portfolio of established and emerging technology vendors, coupled with innovative and unique services across enterprise software, cloud, data management, and cybersecurity solutions. This model is the next generation of IT solutions, knowledge, service and delivery. The business is a hub of collaboration within the channel that makes it easy for technology partners to do business with international vendors on complex and ever-changing product suites. Our unique and award-winning combination of specialist knowledge, innovative technology platforms and complementary services enables our partners and vendors to stay relevant and remain ahead in this dynamic IT environment.
NUIX
446
+61 2 8320 9444 partnersupport@nuix.com
Nuix (www.nuix.com) creates innovative software that empowers organizations to simply and quickly find the truth from any data in a digital world. We are a passionate and talented team, delighting our customers with software that transforms data into actionable intelligence and helps them overcome the challenges of litigation, investigation, governance, risk, and compliance. Our intuitive platform identifies hidden connections between people, objects, locations, and events—providing real-time clarity, control, and efficiency to uncover the key facts and their context. Nuix and our partners deliver solutions that incorporate our global expertise in cybersecurity, law enforcement, digital forensics, investigation, intelligence, legal discovery, and information governance. We continually innovate to solve the complex challenges our customers face today and build their capacity to anticipate what’s next.
STANLEY COLLEGE
257
+61 132490 info@stanleycollege.edu.au
Stanley College is a comprehensive teaching Institute of Higher Education and a Registered Training Provider located in Perth, Western Australia. With its six faculties and more than 1300 students studying, it ranks among Australia’s largest and most awarded Independent Education Providers. Stanley College was established to offer affordable education leading to careers and further studies. Listed on the Commonwealth Register of Institutions and Courses for Overseas Students and registered as an Australian Registered Training Organisation and Higher Education Provider, Stanley College’s qualifications and degrees are equivalent to TAFE and University degrees in Australia and recognised in many countries around the world. Stanley College offers English Language Courses, Vocational Courses, Higher Education Undergraduate and Post Graduate Programs as well as Professional Year Programs. Scholarships and Articulation Pathway Programs as well as Internships are available. Stanley College…
SOFTLABS | DIGITAL SOLUTIONS FOR YOUR BUSINESS TRANSFORMATION.
98
+61 2 8843 1310 business@softlabs.com.au
SoftLabs is an Australian-owned and operated enterprise software company in Australia and New Zealand. We deliver functional expertise and innovative industry-specific automation solutions, ERP implementations, technology consulting, project management, software development, and assured services, including testing, cybersecurity, and support. Being an ISO 9001: 2015 & 27001:2013 certified and serving customers for over thirty years with enterprise software solutions globally to nurture their vision to ensure that quality systems meeting customer’s expectations are delivered on time, supported by a passionate team of industry professionals, with functional expertise and the highest standards of governance, integrity and renowned technology practices, with a global delivery model. SoftLabs is one of the few Digital Marketplace Panel Suppliers to Local, State and Federal Department Clients, as well as private sector and not-for-profit clients. SoftLabs draws upon a base of over 50+ spe…
WILLIAM ROBERTS LAWYERS
62
+61 2 9552 2111 enquiries@williamroberts.com.au
William Roberts is a dynamic and innovative law firm with a focus on dispute resolution, litigation, and personal, commercial and property transactions. Our clients have been at the core of our success. Every level of our firm is focused on nurturing and managing the client relationship. This includes a “top down” approach where our Principals play an integral part in the relationship – from working with clients on strategic issues to working directly on matters. One of our major points of differentiation is the delivery of excellent legal services that represent real value for money. Our philosophy is to bill only when adding value and truly advancing the interests of our client on a matter. No matter the distance, our four offices operate seamlessly to offer a truly one team experience. Welcome to William Roberts!
DEPLOYPARTNERS
50
+61 2 8076 9444 support@deploypartners.com
Delivering IT Operations systems to prevent outages and cyber security breaches for Australia, New Zealand and South East Asia.
DRONESHIELD
78
+61 2 9698 5414 investors@droneshield.com
DroneShield is a worldwide leader in counter-UAS security and technology. DroneShield develops pre-eminent UAS security solutions that protect people, organisations and critical infrastructure from intrusion from UAS threats. Its leadership brings world-class expertise in engineering and physics, combined with deep experience in defence, intelligence, and aerospace.
CORDELTA
59
+61 2 6162 4112 admin@cordelta.com
Cordelta is a Canberra professional services firm that helps clients achieve better outcomes by improving the effectiveness of their management, technology and people. Since 2004 we have offered public and private sector organisations access to the breadth of capability offered by larger firms, with the flexibility of a boutique consultancy. We offer a wide range of business support services, including: - Business architecture - Digital transformation - Finance and accounting - Information management services - Procurement - Project services - Security - Strategy and planning - Technology services We enhance and support client capabilities through trusted relationships, collaborative work and ongoing investments in our people. Our commitment to our team is reflected in multiple entries on BRW’s Best Places to Work list, with top ten rankings in 2012 and 2013, and the only Canberra firm to make the list in 2018.
RED PIRANHA
61
+61 8 6365 0450 info@redpiranha.net
At Red Piranha, we came up with a simple concept: a holistic threat protection solution that works. Recruiting a team of experts from the corners of the planet – from engineers to academics to ethical hackers – we worked to develop the most exhaustive and effective security measures on the market. In 2015, we integrated the threat intelligence platform DNS.insure into the development of the Crystal Eye Unified Threat Management systems – a custom suite of software solutions that can be implemented on Red Piranha hardware or on a cloud-based platform. We also manufacture our own made-to-order hardware for the Crystal Eye product range, ensuring top-tier technology and strict quality control. The result? A complex ecosystem of threat management tools that ensures total protection – from prevention and detection to advanced threat intelligence. Our philosophy is clear. End-to-end protection for your enterprise that meets ever-changing compliance regulations – at rates you can afford. W…
ROHDE & SCHWARZ AUSTRALIA
59
+65 6307 0300 sales.singapore@rohde-schwarz.com
Australian subsidiary of Rohde & Schwarz, which has been operating in Australia since 1981. Rohde and Schwarz is a company that develops and manufactures electronic goods for Defence, industry, infrastructure operators and government customers. The independent group is among the technology leaders in integrated communications solutions, including wireless communications and RF test and measurement, broadcast and media, air traffic control and military communications, cybersecurity and network technology.
LUMIFY GROUP
54
+61 1800 853 276 training@lumifygroup.com
With 30 years experience in the field, the Group offers extensive training options tailored to an organisation’s needs – from vendor-certified courses to customised training, including bespoke in-house developed courses. Lumify Learn Soon to launch in 2023, Lumify Learn will provide quality, self-paced, vendor-certified, and nationally accredited Information Communications Technology (ICT) training, leveraging 30 years of experience, skills and knowledge accumulated as leaders in this industry from being part of the Lumify Group. Lumify Learn will allow students to study their way, from anywhere, at any time, with industry-recognised courses and qualifications to let them hit the ground running on graduation. Lumify Work Lumify Work provides customised training made flexible and cost-effective. These options allow organisations to train as many or as few employees as they need, using highly qualified cross-vendor certified instructors with technical expertise, proficiency, an…
SENETAS CORPORATION
41
+61 3 9868 4555 info@senetas.com
Senetas is a global leader in cybersecurity; trusted to protect commercial, government, defence and critical infrastructure data in over 40 countries. From data network encryption to secure file-sharing and proactive anti-malware protection, all are based on the same crypto-agile principles and deliver security without compromise. CN Series Hardware Encryptors Certified high-assurance encryption for core IT and network infrastructure Certified by leading independent authorities (Common Criteria, FIPS and NATO), the CN Series of hardware encryptors are used to secure sensitive data in motion across networks operating at anything from modest 10Mbps to ultra-fast 100Gbps bandwidths. CV Series Virtual Encryptors Virtualised encryption for large-scale and virtualised Wide Area Networks Scalable to thousands of endpoints, the CV series of virtual encryptors is a software application of the trusted Senetas encryption platform. It delivers cost-effective, transport Layer agnostic data prote…
DENVER TECHNOLOGY
41
+61 8 9423 8080 info@denver.com.au
At Denver, we are working hard to bring safer, cleaner, and smarter ways of doing business to the resources and energy sectors. Through consulting, execution, and ongoing support, we blend business and technology to help our clients solve productivity and availability challenges across their entire value chains. Including: - Operational technology and environments including cyber security - Industrial control systems - Rail networks - Shutdown and turnaround optimisation - Asset maintenance and management - Digital field worker (connected worker) Denvers cross-skilled, cross functionals teams focus on the outcome -we know manufacturing environments, we know how to speak to mining and energy teams from people in the field, to those in the corporate office and our goal is to quickly deliver the desired results.
CENTIUM
43
+61 1300 237 810 info@centium.com.au
Centium is an agile consulting firm specialising in minimising risk for small and medium Government organisations. We partner with state and local government, not for profit organisations and private sector clients to provide a complete solution to managing organisational risk, enhancing governance and improving operational performance. We evolved from a highly renowned and respected government trading enterprise, established in 1985, and transformed into a private company in 2015, maintaining our 35 years of accumulated knowledge and wisdom. We understand that the risks, needs and goals of each organisation are different, and we develop a tailored and holistic approach to every client and for every situation. We are widely known for our value for money, agility, breadth and depth of knowledge and experience, and for always exceeding expectations. We share regular content on LinkedIn, follow us for insightful articles, news and updates.
HUON IT A KYOCERA GROUP COMPANY
43
+61 2 8401 8088 info@huonit.com.au
We are an Australian-based IT consultancy, and part of the Kyocera Group. We specialise in strategic planning, managed services, project implementation, cybersecurity and cloud initiatives. Our team services organisations nationwide, delivering outstanding results to organisations for more than 30 years, earning our reputation as a leading IT service provider. *Microsoft Gold Datacentre Partner & Silver Midmarket Cloud Solutions Competencies Offices in SYDNEY and MELBOURNE.
SATALYST PTY LTD
38
+61 8 9355 2807 info@satalyst.com
Satalyst was founded with the vision to empower Australian organisations to reimagine the role of technology as a business and innovation partner. Successfully delivering technology solutions leveraging Microsoft platforms and cloud services for over 10 years, we’re committed to a customer-centric approach in transforming business processes and productivity. As part of Canon Business Services ANZ (CBS), Satalyst is uniquely positioned to offer customers a complete suite of business transformation solutions that can help them, optimise, automate and transform their organisation.
MORFIT GROUP CONSULTING
13
+61 1300 493 466 info@morfitgroup.com.au
Morfit Group Consulting is a pure IT Consulting and Professional Services organisation. We specialise in the network and internet security space. We were formed to fill a gap in the market for independent and objective consulting services. We are able to offer you advice that best suits your business IT needs without aligning ourselves to any particular vendor. We believe that to find successful solutions for your organisation we need to understand your business drivers and objectives and align the IT solutions with those. We see this as a collaborative effort to enable the best solution for each customer’s individual needs and naunces. Our engineers are skilled and certified in a wide range of top-tier products to make sure you get the best range of choices. We can also fully design and implement the agreed technologies and project manage where required.
VERIDIAN SOLUTIONS
25
+61 1300 725 400 enquiries@veridian.com.au
Veridian Solutions provide a comprehensive suite of services for organisations with Contact Centre and Unified Communication requirements. Our solutions include Contact Centre, Customer and Workforce Engagement Management, Unifies Comms and Security solutions with capabilities ranging from consultancy, architecture, development and implementation, through to the ongoing exceptional managed services and security management of your solution. Our project experience covers a wide variety of industry sectors, from banks and insurance to manufacturing, transportation, government and the customer service industry. We have a 100% delivery success rate, which allows us to reference all of our customers.
Were Novacastrian Cyber Solutions and were here to transform cybersecurity. We know its hard to stay focused on your business when youre worrying about hackers, phishing emails, and data breaches at every turn. Thats why were here to get rid of all of that for you. We are a team of experts that look after local governments and private enterprises in regional Australia. We have the tools, the experience, and the passion to make sure you have the airtight security you need so that you can focus 100% on your business. The way we do this is through passwordless authentication. There are no passwords to crack, no credentials to steal, and no way for an attacker to get into your system. Its super simple and streamlined, too: all you need is a mobile device, and well take care of the rest.
Top Cybersecurity Companies in Australia
Factors Contributing to Growth and Success
Government Initiatives:
The Australian government has played a significant role in fostering growth in the cybersecurity industry. In 2020, the government launched the Cyber Security Strategy 2020, which aimed to strengthen the country's cybersecurity capabilities and resilience. The strategy focused on enhancing public-private partnerships, investing in cybersecurity research and development, and building a cyber-smart nation. The government also established the Australian Cyber Security Centre (ACSC), a national hub for cybersecurity expertise and advice. These initiatives have led to increased awareness of cybersecurity issues and the importance of protecting critical infrastructure and sensitive data.
Industry Growth and Comparison to Previous Years:
The rapid growth of the digital economy and the increasing use of cloud computing, the Internet of Things (IoT), and other technologies have created a massive demand for cybersecurity services. The financial services, healthcare, and government sectors are the primary drivers of growth in the cybersecurity industry in Australia. The financial services industry has been investing heavily in cybersecurity to protect against data breaches and cyber attacks, while the healthcare sector has been implementing advanced cybersecurity solutions to safeguard sensitive patient information. The government sector has also been a significant contributor to the growth of the industry, with increased spending on cybersecurity initiatives.
The cybersecurity industry in Australia has been growing at an average rate of 10% per year, with revenues reaching $9.6 billion in 2022, up from $7.6 billion in 2017. Employment in the industry has also been steadily increasing, with over 27,000 professionals currently employed, up from 19,000 in 2017. The industry's growth is expected to continue at a similar rate, driven by the increasing adoption of digital technologies and the rise in cyber threats.
Key Trends
Technological Disruptions:
The cybersecurity industry in Australia is being disrupted by emerging technologies such as artificial intelligence (AI), machine learning (ML), and blockchain. These technologies are being used to develop advanced cybersecurity solutions, including threat detection and response, identity and access management, and data encryption. AI and ML, in particular, are being used to enhance threat intelligence and automate security operations, enabling faster and more efficient incident response.
Cloud Security:
The adoption of cloud computing has led to a significant shift in cybersecurity practices, with a focus on securing cloud-based infrastructure and data. The increasing use of multi-cloud environments has made cloud security more complex, requiring advanced solutions that can address a wide range of security threats.
Challenges
Shortage of Skilled Professionals:
The cybersecurity industry in Australia is facing a severe shortage of skilled professionals, with estimates suggesting that there will be a shortfall of 18,000 cybersecurity professionals by 2026. This shortage is due to the high demand for cybersecurity skills, the complexity of cybersecurity threats, and the lack of investment in cybersecurity education and training. The shortage of skilled professionals is a significant challenge for the industry, as it limits its ability to respond to cyber threats effectively.
Rapidly Evolving Threat Landscape:
The cybersecurity threat landscape is constantly evolving, with cybercriminals using new and sophisticated techniques to breach security defenses. This poses a significant challenge for cybersecurity professionals, who must stay up-to-date with the latest threats and vulnerabilities and develop new and innovative solutions to mitigate them.
Future Outlook
The cybersecurity industry in Australia is expected to continue its growth trajectory in the coming years, driven by the increasing adoption of digital technologies and the growing threat of cyber attacks. The COVID-19 pandemic has further accelerated the digital transformation of businesses, resulting in a surge in cyber attacks. This has led to increased investment in cybersecurity, with businesses and governments recognizing the importance of protecting their digital assets and infrastructure.
The Australian government has also recognized the importance of cybersecurity and is expected to continue investing in initiatives to strengthen the country's cybersecurity capabilities. The government has committed to investing $1.67 billion over ten years to enhance Australia's cyber security capabilities, including the establishment of a new Cyber Security Capability Centre.
One of the key areas of focus for the cybersecurity industry in the future will be addressing the shortage of skilled professionals. The industry will need to collaborate with education institutions to develop cybersecurity training programs and attract more people to the profession. The industry will also need to focus on developing advanced cybersecurity solutions that leverage emerging technologies such as AI, ML, and blockchain.
Another key trend that is expected to shape the future of the cybersecurity industry is the increasing adoption of zero trust security models. Zero trust security is a cybersecurity approach that assumes that all network traffic is potentially malicious and requires verification before granting access. This approach is becoming increasingly popular as it offers a more effective way to protect against cyber threats and enables more secure access to cloud-based resources.
Conclusion
In conclusion, the cybersecurity industry in Australia is a booming and challenging landscape that is expected to continue its growth trajectory in the coming years. The industry's growth is driven by the increasing adoption of digital technologies and the growing threat of cyber attacks. The industry will need to address the shortage of skilled professionals and develop advanced cybersecurity solutions to mitigate the evolving threat landscape. The Australian government's continued investment in cybersecurity initiatives is expected to further support the industry's growth and position Australia as a leader in cybersecurity.