March 6, 2016
Israel is a particularly interesting market to pay attention to as it has set a notable record – it is the largest exporter of cyber products after the US. Israeli companies exported $6 billion (USD) in cyber-related products and services in 2014. The latest data from Israel’s National Cyber Bureau (NCB) shows a surge in cyber exports from US $3 billion in 2013 to $6 billion in 2014. According to NCB, this figure constitutes about 10% of the estimated $60-billion global cyber market.
Moreover, Israel is widely considered to be home to more startups per capita than any other region globally and ranks highly in the startup ecosystem league rankings just behind Silicon Valley.
Israel has been at a center of interest of major financial institutions like Visa. Last year, Visa Europe announced the launch of Visa Europe Collab in Israel. Following the launch of Visa Europe Collab in London on May 1, Visa Europe Collab in Israel continues the mission of working with startups, entrepreneurs and partners to develop products and services that aim to transform the payments experience for consumers ...