Latest Industry Insight
This week two European software as a service consumer identity and access management (CIAM) vendors merged to what is claimed to be Europe's largest CIAM supplier.
Latest Long Read Research Report:
“2020 Cyber Security Startup Funding Analytics”
Nearly 550 global cyber security vendors and suppliers received early stage funding in 2020. Overall funding amounted to $2.38 billion, with the largest amount raised being $123 million. This compares to nearly 1200 firms in 2019, sharing a considerably larger $2.6 billion, with the largest raise in 2019 being $200 million
50% of all funding decisions ended up delivering investment to organisations in North America (182). This is a long standing trend. The second region behind North America was Europe with 29.7% (108) followed by Asia with 11.8% (43).
From a non-functional perspective, the immediate standouts are “platform”, “cloud” and “ SaaS”. What does that indicate? Cloud and software-as-a-service delivered functionality is often focused upon the outsourced delivery of very specific components – components that by their nature are repeatable, easy to configure and easy to integrate with.