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UK cybersecurity sector could be worth £13bn, research shows

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  • The UK’s cybersecurity sector is rapidly growing
  • The industry is worth £13 billion and has over 67,000 workers
  • A cybersecurity skills gap still remains

The cyber sector in the UK has seen significant investment in the last few months, and has grown 12% in the last year, new analysis shows. The industry generated £13.2 billion in revenue over the past year, with a total gross value added of £7.8 billion, up 21% from the year before.

This has translated into a rise in jobs too, with 67,300 now working in the industry, which is an increase of 11% since last year (6,600). There are new ventures, with 74 new cybersecurity firms created, bringing the total to 2,165, representing a 3.5% rise.

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