The Market – CyberSecurity
We strongly promote the importance of security, the protection of personal data, and defence against Cyber Attack, as key elements of the support for our businesses and for their clients. Excelsior will invest in innovative new Cybersecurity businesses which will deliver new enhanced levels of security for our clients.
According to International Data Corporation (IDC) Worldwide Security Spending Guide, worldwide spending on security-related hardware, software, and services was $125.2 billion in 2020, an increase of 6.0% over 2019.
As the global economy recovers from the impact of COVID-19, IDC expects worldwide security spending to reach $174.7 billion in 2024 with a compound annual growth rate (CAGR) of 8.1% over the 2020-2024 forecast period.
GDPR data breaches can result in fines of up to 4% of a firm’s global turnover.
A data breach suffered by British Airways in 2019, resulted in an ICO fine of £184m.
Cybercrime will cost the world $10.5 trillion annually By 2025, growing from $6tn globally in 2021.
Healthcare & Education
Healthcare is a key component of a cohesive society. Many of us enjoy good access to healthcare services but Excelsior is also concerned about communities where access to basic Healthcare provision is limited or barely exists. We shall cover our actions for these communities in a different space.
The Digital Healthcare market has boomed over the last 18 months and will continue to do so. The market size is predicted to reach $220bn by 2026.
There are a number of trends driving the adoption of Digital Healthcare platforms.
The consumerisation of Healthcare continues apace with prescriptions, wearable devices and online tests and diagnostic results driving the adoption of digital models.
Telehealth has experienced a major acceleration due to the Pandemic. Even though some regulatory requirements have been relaxed there will be no return. Telehealth is a significant component of the new normal in Healthcare.
Artificial intelligence in Healthcare will drive an exponential increase in the quality of care for society. From driving early and more effective diagnoses, to enabling more effective consultations to delivering precision medicine treatment to patients, this technology will have a pervasive influence on the delivery and improvement of Global Healthcare.
Virtual Reality will help train clinicians and medical staff quickly, introducing them to new procedures and treatment care paths.
Collaboration and interoperability between digital healthcare solutions are already providing, and have the potential to provide even more substantially, augmented and more holistic treatment for patients. Driven by the Cloud and with data sharing, the array of powerful and innovative new digital healthcare treatments is growing rapidly.
During the pandemic an already buoyant e-learning market has burgeoned rapidly to adapt to the potential of Digital business models educating the world’s population.
The market size for e-learning is predicted to reach $374bn by 2026.
It’s important to stress that Excelsior considers education for all age groups to be a vital ingredient to the wellbeing of society and massively important to the underpinning of world economies.
Both young and old, across the globe, we are all students. We have much to gain from the enrichment of learning new subjects, new skills and new life experiences.
In the world of business and commerce, the biggest single resistor to the successful adoption of new digital business models is a lack of sufficient new skills in the workforce. Successful workforce transformation is a critical success factor for all businesses and organisations which serve our society.
Excelsior is especially keen to promote the value of education in all of its investments. Where possible we promote the employment of people from underprivileged backgrounds in our portfolio businesses.