The Taiwanese cybersecurity market is growing at an unprecedented rate, outperforming the global average
With a challenging regional geopolitical situation and a rapidly growing world leading technology industry, the Taiwanese market is facing a constant cybersecurity threat from both domestic and foreign actors. As a result, the Taiwanese cybersecurity market is expanding at an explosive pace, growing 11.9 per cent between 2020 and 2021, amounting to almost BUSD 2. The global cybersecurity sector grew by 2.8 per cent during the same period, further highlighting the vast investments made in Taiwan compared to the global average. The Taiwanese market’s rapid growth is largely due to a substantial growth in cybersecurity hardware export sales and robust cybersecurity service demand in Taiwan.