Ukrainian cyber market grows amid war but still lacks support and funding, report says

Summary: Ukraine’s cybersecurity market has expanded significantly due to rising threats and international support, yet it remains heavily dependent on foreign aid and faces numerous challenges. Despite a fourfold increase in market value, local firms struggle to compete with international vendors and lack sufficient investment and regulatory support.

Threat Actor: Russian Cyber Actors | Russian Cyber Actors
Victim: Ukrainian Cybersecurity Sector | Ukrainian Cybersecurity Sector

Key Point :

• The Ukrainian cybersecurity market grew to an estimated value of $138 million, largely due to increased cyber threats from the ongoing war with Russia.
• Local firms face challenges competing with international vendors, leading to a reliance on automated solutions for rapid threat response.
• Insufficient investment, weak regulations, and a lack of state support hinder the growth of Ukraine’s cybersecurity industry.
• International aid programs often favor foreign companies, limiting opportunities for local cybersecurity firms.
• To enhance competitiveness, the government should support public-private partnerships and focus on industries less dominated by international players.