The global retail industry experienced a 38% drop in company filings mentions of cybersecurity in Q2 2023 compared with the previous quarter, with the highest share accounted for by Next with 392% year-on-year increase, according to GlobalData’s analysis of over 191 retail company filings. The growing application of Cybersecurity will prove to have a transformative impact on the retail sector. GlobalData’s Cybersecurity market report helps keep abreast of the latest trends in Cybersecurity, market opportunity forecast and the competitive landscape. Buy the report here.
Notably, cybersecurity was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of robotics and edtech, according to GlobalData.
Of the top leading companies in the retail industry, Next had the greatest increase in references for cybersecurity in Q2 2023, compared with the previous quarter. GlobalData identified 64 cybersecurity-related sentences in the company's filings - 2% of all sentences - and an increase of 392% in Q2 2023 compared with Q2 2022. George Weston’s mentions of cybersecurity rose by 71% to 53 and JD’s by 4% to 45 and Loblaw Companies’s by 1300% to 14 and Lowe's’s by 28% to 13.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for cybersecurity in Q2 2023 was 119.
To further understand GlobalData's analysis on Cyber Security Market Size, Share and Trends Analysis Report by Type (Enterprise, Consumer), Product (Security Consulting, Managed Service Providers, Identity and Access Management), Vertical, Enterprise Size, Region, and Segment Forecasts, 2021-2026, buy the report here.
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