Last year, the total sales of the domestic information security industry reached approximately 16.2 trillion KRW, marking a 16.7% increase compared to the previous year.
The Ministry of Science and ICT and the Korea Information Security Industry Association announced the results of the "2023 Domestic Information Security Industry Survey" on the 4th.
The number of domestic information security companies increased by about 5.1% from 1,517 in 2021 to 1,594. Among them, there were 737 information security companies and 857 physical security companies, which grew by 9.2% and 1.1%, respectively, over one year.
In 2022, the total sales of the domestic information security industry reached approximately 16.2 trillion KRW, growing 16.7% year-on-year. Information security sales were about 5.6 trillion KRW, and physical security sales were about 10.6 trillion KRW. These represent increases of 23.5% and 13.4%, respectively, compared to the previous year. Notably, in the information security sector, sales of cloud security solutions reached 359.2 billion KRW, growing 356.8% in one year, while network security solution sales amounted to 1.5087 trillion KRW, increasing by 60% during the same period. In physical security, access control equipment sales rose 95.4% to 1.087 trillion KRW, and biometric security system sales jumped 105.1% to 987 billion KRW.
The Ministry of Science and ICT stated, "The implementation of the mandatory information security disclosure system and the introduction of the rapid verification system for information security products, along with government policies to expand the national information security safety net and increased security demand due to non-face-to-face activities, have led to increased security-related investments by private companies. Additionally, the rising demand for safety prevention products across all industries due to various disasters and accidents has driven the upward trend in information security sales."
In 2022, the total export value of the domestic information security industry was approximately 2.2063 trillion KRW, a 6.2% increase from the previous year. Information security exports were about 155 billion KRW, and physical security exports were about 2.051 trillion KRW, increasing by 1.7% and 6.6%, respectively. The information security sector showed strong export performance in network security and cloud security fields. In the physical security sector, exports of biometric security systems and access control equipment accounted for a significant portion.
The total number of employees in information security companies in 2022 was 64,831, a 2.0% increase compared to the previous year. By industry, information security employment rose by 29.9%, while physical security employment decreased by 8.8%. Over the past five years, the number of workers in the information security industry has grown at an average annual rate of about 10.2%, with demand for personnel in the information security sector gradually increasing.
Jung Chang-rim, Director of the Information Security Network Policy Division at the Ministry of Science and ICT, said, “As social interest in protecting digital information and safety in daily life was emphasized more than ever last year, the information security industry also maintained a high growth rate. Moving forward, the government will actively support public-private cooperation to secure competitive core technologies in the information security field and establish a foundation for building a safer and more sustainable digital environment through policies aimed at expanding the social safety net.”
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
