Fudo Security has entered the French market through a new partnership agreement with local security VAD IPsteel.
By expanding into France, Fudo Security is gaining a foothold in the world's 8th largest economy. The country is a world leader in the aerospace, rail and automotive industries. With a GDP of € 2.4 trillion, there is significant growth potential for this dynamic new cyber security partnership.
The cybersecurity market in France is expected to have a CAGR of 6% over the period 2020-2025, and the country has introduced major reforms associated with info-security and cybersecurity policies following the enactment of the EU's RGPD.
"Fudo Security is one of the leading providers of PAM (Privileged Access management) and its main features are rapid deployment in one day, AI-powered biometric prevention and unparalleled session recording. The company has established itself as a powerful niche provider specifically targeting SMEs, an area of the market often overlooked by competitors.
Fudo Security was recognised in KuppingerCole's Leadership Compass in 2020", said Luc Vantroost, manager of IPsteel.
This is the second consecutive time that Fudo Security has been honoured in the KC report, demonstrating that the company is dynamically shaping the MAP market alongside industry leaders.
The MAP market is projected to grow from approximately € 1.9 billion to € 4.7 billion by 2025 at a compound growth rate of 20% per year. The main drivers of this growth are digital transformation, secure remote access, RGPD and compliance.
"This is a great way to start 2021 and we are excited about the growth opportunities in France in all sectors", said Patryk Brozek, CEO of Fudo Security.