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F24 and The BCI present the new Emergency Communications Report 2021

960 642 Guest Blog

The pandemic has driven organisations to adopt collaboration software in 2020 and this trend is expected to continue for 2021.

Previous reports have highlighted an overreliance on tools from the private environment for communication during emergency situations (e.g. WhatsApp). Organisations are moving away from tools from such as WhatsApp and using more collaborative tools such as Microsoft Teams, which is also being used in incident situations. Many organisations, who have been using collaborative tools/software for the first time in 2020, are now seeking to extend investment into specialist emergency communications technology solutions.

“2020 was a testing year for all organisations, but one which has transformed the way businesses communicate. This year’s report shows how organisations have been switching physical meetings to virtual settings, with most exploiting collaborative technology such as Microsoft Teams or Zoom more than ever before. The success in using such collaboration tools has driven many organisations to consider investing in more specialist tools for emergency communications for the first time: 49% of respondents who do not currently have tools are already actively trialling new tools or are considering it.”, summarizes Rachael Elliott, Head of Thought Leadership at the BCI.

As Europe’s leading provider for incident and crisis management, emergency notification, as well as business messaging, F24 is proud to exclusively present the BCI Emergency Communications Report and results of this year’s survey. This annual publication provides insight into how organisations communicate in an emergency, the key communication challenges organisations face, and how technology is helping to assist in communications processes.

Download your free copy directly from the F24 website.

Security software will be worth $45.5bn this year

918 612 Stuart O'Brien

The digital transformation accelerated by the pandemic and the growing number of data breaches and cyberattacks has forced online users, companies, and organizations to increase their spending on security software solutions.

According to data presented by StockApps.com, global security software revenues are expected to hit $45.5bn in 2021, a 20% increase in two years.

For the purposes of the study, it says the security software market includes all software solutions that aim to protect individual computing devices, networks, or any other computing-enabled device. It includes antivirus software, management of access, data protection and security against intrusions, and any other system-level security risks, both in local installation and cloud service.

StockApps says recent years have witnessed a massive adoption of these solutions, driven by the surge of eCommerce, huge technology developments including AI and IoT, and the rising number of connected devices.

In 2016, the entire market was worth $27bn, revealed the Statista survey. In the next two years, revenues surged by more than 40% to $38.1bn.

The entire market maintained its steady growth amid the COVID-19 pandemic, with millions of people working and educating from home. The TrustRadius 2020 survey of software buyers and users revealed that 41% of organizations increased their security software spending amid pandemic. 

Statistics show the market revenue jumped by 7% year-over-year to $41bn in 2020. This figure is expected to rise by $4bn in 2021. However, the following years are set to witness a surge in the adoption of software security solutions, with revenues jumping to more than $61bn by 2025.

In global comparison, the United States represents the leading security software market expected to generate $22.8bn, or 50% of revenues this year. Statista data indicate the US security software revenues jumped by 20% in the last two years, while the unified market is set to reach $30.5bn value by 2025.

With $2.3bn in revenue or almost ten times less than the leading United States, Germany ranked as the second-largest security software market globally. The United Kingdom, Japan, and China follow with $2.2bn, $2.1bn, and $1.9bn in revenue, respectively.