Cybersecurity Certification Market

Cybersecurity is the practice of protecting computers, networks, and data from theft, damage, loss, or unauthorized access. As the interconnectivity increases, so do the opportunities for bad actors to steal, damage, or disrupt. A rise in cybercrime has fueled a demand for cybersecurity certifications to ensure that the systems are working properly and to get hold of any glitch in the system beforehand. Some factors driving the market growth include increased target-based cyberattacks on enterprises causing an operational disturbance, rising demand for IoT security solutions, increased data breaches, growing concerns for cyberattacks on critical infrastructure. However, challenges to deploy and implement the cyber security solutions and diverse nature of sophisticated cyber threats are expected to hinder the market growth.

The study involves major activities in estimating the current market size for the cybersecurity certification market. Exhaustive secondary research was done to collect information on the cybersecurity industry. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Different approaches like top-down, and bottom-up were employed to estimate the total market size. After that, the market breakup and data triangulation procedures were used to estimate the market size of the segments and sub-segments of the cybersecurity certification market.

The LINCE methodology, developed by Spain’s National Cryptologic Center (CCN), addresses the need for the certification of products for deployment in environments where the threat level is low or medium. We can verify whether your product is in accordance with its specification to determine the effectiveness of the security functions implemented. Compared to Common Criteria, the LINCE methodology has less focus on document evaluation. Evaluators have the same information that is available to a real attacker. 80% of the evaluation effort focuses on testing security functionality, a vulnerability analysis and penetration testing, mostly in a black box setup. This approach allows detection of the most dangerous vulnerabilities.

Cybersecurity in the automotive sector with ISO/SAE 21434 certification – demonstrate that your vehicles are protected against cyber-attacks with immediate functional safety implications. The shift towards networked driving and automated vehicles, coupled with increasing numbers of complex automotive components, has heightened the risk of cyber-attacks. ISO/SAE 21434 is the only cybersecurity standard on the international market that identifies the points of contact between development processes for functional safety according to ISO 26262.

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Key players in the market

SGS Group (Switzerland), Bureau Veritas (France), Intertek (UK), TÜV NORD (Germany), TÜV SÜD (Germany), Eurofins Scientific (Luxembourg), DEKRA SE (Germany), DNV GL (Norway), Element Materials Technology (UK), and UL LLC (US), IRClass (India) are few key players in the cybersecurity certification market globally.

Recent Developments

• In March 2022, Intertek has issued its first UL 2900-2-1 certification to medical device manufacturer NuVasive, Inc. for Pulse, the company’s integrated technology platform that enables better spine surgeries. The certification was awarded by our Intertek EWA-Canada laboratory in Ottawa. UL 2900-2-1 is a standard for software cybersecurity that applies to the testing of network-connected components of medical devices, to assess the cybersecurity risk of the network and connectable components of healthcare and wellness systems.
• In February 2021, Bureau Veritas acquired Secura B.V. (starting with a majority stake), an independent service company specializing in cybersecurity services. Secura will be a cornerstone in the cybersecurity strategy of Bureau Veritas. In this promising new conformity market, Secura is a recognized cybersecurity player with a strong orientation toward TIC activities. Secura provides security testing, audit, training and certification services covering people, organization, and technology (networks, systems, applications and data).

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