The cybersecurity sector in Melbourne provides solutions that enable security across both IT and OT (operational technology) networks with particular opportunities for growth in OT.
While federal and state government and financial organisations are the key customers of cybersecurity, a widening and deepening market is growing as retail and utilities also recognise the importance and value of cybersecurity to their operations.
Melbourne has an ecosystem of around 50 cybersecurity firms that are supporting a fast growing Oceania market that is expected to be worth approximately US$1.6bn by 2019.
One of the challenges for the cybersecurity sector is the availability of talent. Globally there is a shortfall of approximately 2million cybersecurity professionals. However Melbourne’s universities and other institutes are meeting this shortfall by generating well qualified cybersecurity professionals.
Swinburne University of Technology, the University of Melbourne, Monash University and Victoria University provide cybersecurity specialisations and qualifications. Meanwhile Cisco is partnering with Box Hill Institute to provide professional certifications and other industry bodies are delivering accreditation, research and training to the sector.
The Victoria-Israel Science Innovation and Technology Scheme (VISITS) provide organisations from both regions opportunities and funding (up to $250,000) to work collaboratively on projects of mutual benefit. In addition LaunchVic, funds and supports the state’s startup ecosystem.
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