The Ocean Tomo Cybersecurity Industry Report reveals the impact of intellectual property litigation and technology licensing in the rapidly growing industry.
CHICAGO, Jan. 26, 2023 /PRNewswire-PRWeb/ -- Ocean Tomo, a part of J.S. Held, releases its Cybersecurity Industry Report, which provides a comprehensive look at current industry trends and deal activity in the Cybersecurity space and reveals how intellectual property (IP) litigation and a nascent appetite for technology licensing are driving this relatively young but rapidly growing industry. The report is available to download at https://www.oceantomo.com/download-cybersecurity-industry-report.
The increasing number and sophistication of cyber-attacks have become more disruptive and destructive, driving corporations to invent, innovate, and acquire new intellectual property. Ocean Tomo Cybersecurity Industry Analyst Aidan King observes, "cybersecurity's attractive growth potential will continue the sentiment that firms in the industry will need to differentiate themselves from existing competitors and new entrants by protecting existing intellectual property and investing in the research and development of new products and services."
Ron Yearwood, Senior Managing Director who leads the Cybersecurity team within J.S. Held's Digital Investigations & Discovery practice, adds, "as threat actors are continuously evolving, the Cybersecurity market aggressively works to counter. Solution enhancements, product advancements, the introduction of artificial intelligence to improve security automation assures continued growth in the foreseeable future." Mr. Yearwood continues, "This report contains important observations on the growing risk, developing elements within the Cybersecurity market, and notable trends for 2023. Important to note is the continued growth of Cybersecurity investment and successful industry partnerships that will drive progress, making 2023 a year of tremendous opportunity."
Daniel Principe oversees the creation of Industry Reports for Ocean Tomo, a part of J.S. Held. He shares, "Relative to other industries, Cybersecurity is still a young and fast-developing segment where licensing culture has not yet taken hold". Once dominated by several enterprise and consumer-focused companies, the industry is comprised of thousands of cybersecurity software vendors and more than 60 open-source software security platforms hosted on GitHub. Mr. Principe continues, "Given the industry's growing market size, aggressive entrants, and open-source software model, there is a potential for established vendors to look to impair these growth drivers through the use of intellectual property."
"We have seen an influx of Cybersecurity-related patent litigation," observes Ocean Tomo Cybersecurity Industry Analyst Stefano Tsorotiotis. "While lawsuits are time-consuming and not without economic cost, in some instances, litigation is the only option to protect the value of an entity's IP. As it stands, it has never been more important to protect Intellectual Property within the Cybersecurity space," Mr. Tsorotiotis adds.
As a financial advisor focusing on technology and intellectual property (IP), Ocean Tomo has gained unique insights from more than 1000 engagements involving more than 150 industry segments. This experience has allowed our experts to understand the nuances of intellectual property protection, valuation, and monetization across industries. In 2018, a series of Industry Analyst Reports were launched to provide a comprehensive look at current industry trends and deal activity. Our reports currently examine the following industries: Blockchain & Cryptocurrency, Cannabis, Cybersecurity, Federal Use of Technology, IP Licensing Companies, IP Market Support Services, and Semiconductors. You can learn more about the industries covered by Ocean Tomo, a part of J.S. Held at https://www.oceantomo.com/media-center/industry-reports/.
To learn more, download the Cybersecurity Industry Report or contact Aidan King at [email protected] or Stefano Tsorotiotis at [email protected].
About Ocean Tomo, a part of J.S. Held
Established in 2003, Ocean Tomo provides Financial Expert, Management Consulting, and Advisory Services related to intellectual property (IP) and other intangible assets; corporate accounting investigations; regulatory and reporting obligations; solvency and restructuring; and contractual or competition disputes. Practice offerings address economic damage calculations and testimony; accounting investigations and financial forensics; technology and intangible asset valuation; strategy and risk management consulting; mergers and acquisitions; debt and equity private placement; and IP brokerage. Subsidiaries of Ocean Tomo include Ocean Tomo Investments Group, LLC, a registered broker-dealer.
As a part of J.S. Held, Ocean Tomo works alongside more than 1500 professionals globally and assists clients – corporations, insurers, law firms, governments, and institutional investors – on complex technical, scientific, and financial matters across all assets and value at risk.
J.S. Held is a global consulting firm providing technical, scientific, and financial expertise across all assets and value at risk. Our professionals serve as trusted advisors to organizations facing high-stakes events demanding urgent attention, staunch integrity, clear-cut analysis, and an understanding of both tangible and intangible assets. The firm provides a comprehensive suite of services, products, and data that enable clients to navigate complex, contentious, and often catastrophic situations.
Media Contact
Kristi L Stathis, Ocean Tomo, a part of J.S. Held, +1 773 294 4360, [email protected]
SOURCE Ocean Tomo, a part of J.S. Held
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