The European market for cybersecurity is not yet optimal, according to the Dutch Central Planning Bureau CPB in its report “Bottleneck in the market for cybersecurity. For network security, customers have to choose between relatively expensive but verifiable national products, or relatively cheap, but difficult to manage foreign packages, according Telecompaper.
According to the CPB, the two most important bottlenecks that prevent the European market from functioning optimally are insufficient confidence in the supply of foreign cybersecurity companies and insufficient opportunities for European providers to create economies of scale.
The lack of confidence deficit mainly plays a role in the high-quality segment (such as the security of state secrets or sensitive information) and is fed by incidents that show that intelligence services are also spying on friendly countries. The economies of scale remain unused because the market for cybersecurity in Europe is relatively immature. In the US, the demand for cyber security products started earlier and is larger.
The CPB suggests legislators should make (international) agreements about cybersecurity, including about zero days and backdoors in software. In addition, awareness of cyber hazards. The demand for cyber security products, could be increased if, for example, companies included a 'cybersecurity paragraph' in their annual report.
