DeVCORE predicts 2025% growth in red team revenue by 20, driven by strong demand for red team exercises.
DEVCORE announced today (February 12th) that its Red Team Exercise service will be included in the public sector co-supplier contract for cybersecurity services by the end of 2024. DEVCORE is also one of the co-suppliers of the Red Team Exercise service, indicating that government departments expect to improve cybersecurity effectiveness through Red Team Exercises. ▲Left: DEVCORE CEO and Co-founder, Ong Hao-cheng; Right: DEVCORE Co-founder and Senior Vice President, Hsu Nien-en. DEVCORE also pointed out that the value of Red Team Exercise projects in 2024 increased by 11% compared to the previous year, and it is estimated that the revenue growth of Red Team Exercise services in 2025 will exceed 20%. To strengthen cybersecurity, the government and industry are joining forces. DEVCORE's Red Team Exercises are included in the public sector joint contract. To comprehensively enhance the cybersecurity capabilities of government agencies, the Digital Industry Administration of the Ministry of Digital Development included "Red Team Exercise Services" in the "Fifth Computer Software Joint Supply Contract Procurement – Cybersecurity Services and Information Services" in 2024. This is not only the first cybersecurity service item added in ten years, but also a milestone in the government's high regard for and further strengthening of cybersecurity protection. DEVCORE, as Taiwan's first professional provider of Red Team Exercise services and a leading provider in this service, assists government agencies in procuring necessary cybersecurity services through joint supply contracts in the future. This significantly improves procurement efficiency for the government, allowing them to select cybersecurity services with sufficient quality and standards based on their budgets and needs, enabling more precise cybersecurity exercises and protection enhancements. DEVCORE CEO and Co-founder Hao-Cheng Weng stated, "DEVCORE is pleased to see red team drill services included in the public sector joint supply contract. This not only symbolizes the government's increased investment in cybersecurity, but also demonstrates the value of drill services, potentially influencing industries to adopt advanced drill services. We also hope to leverage our technical expertise and years of practical experience in red team drills to help companies apply the results of red team drills to their strategies and overall response mechanisms, creating a more secure and forward-looking digital environment at the architectural and process levels, and comprehensively deepening cybersecurity resilience." Demand for red team drills is booming, with market momentum expected to peak again in 2025. According to DEVCORE's internal observations, red team drill services are being adopted by more industries, and market demand continues to grow steadily. From 2021 to 2024, DEVCORE received 2.6 times more inquiries and bookings for red team drills, and the number of inquiries and bookings in January 2025 alone has already exceeded 60% of the same period last year. Among the industries with the strongest demand for red team exercises, the financial sector stands out, while inquiries from the semiconductor industry have been steadily increasing since 2022. Looking at actual procurement data, the financial sector remains the most active in adopting red team exercises, accounting for 29%, followed by the semiconductor industry at 28% and government agencies at 14%. These three industries account for over 70% of DEVCORE's total red team revenue in 2024. DEVCORE also observed that the value of completed red team exercise cases in 2024 increased by 11% compared to the previous year, with new clients accounting for over 50% that year. Notably, unlike in the past, inquiries have also begun to come from major server foundries, indicating that the benefits of red team exercise services are gaining more attention from enterprises and various industries. Enterprises are increasingly recognizing and actively investing in cybersecurity to address the growing severity of cyber threats. To deepen cybersecurity defenses, DEVCORE continues to promote red team drills and disseminate hacker thinking in response to the ever-increasing cybersecurity capabilities and dynamic evolution of the cybersecurity landscape from both government and industry perspectives. DEVCORE will also provide different types of drills based on varying cybersecurity profiles and drill expectations. This extends beyond simply identifying vulnerabilities and maximizing their effectiveness to more realistically simulating attack scenarios. Using a red-blue team coordination model, DEVCORE verifies enterprises' response speed, capabilities, and cybersecurity incident handling procedures in the face of real attacks. This expands the focus from technical patching to a comprehensive improvement in cybersecurity strategy and management. Furthermore, supply chain security has become one of the most challenging cybersecurity issues for enterprises in recent years. DEVCORE will also launch customized proactive product security research services, led by an internationally award-winning cybersecurity research team. These services assist enterprises in verifying the security of various products, including software, hardware, and firmware, ensuring compliance with high-standard cybersecurity requirements, protecting user safety, and enhancing brand image and trustworthiness through secure products. In addition to strengthening the defense capabilities of Taiwanese agencies through red team drills, DEVCORE has long been committed to conveying hacker thinking. In 2025, it will continue to hold the DEVCORE CONFERENCE, a technical seminar focused on attack orientation. The event will take place on March 15th, bringing together industry, government, and academia to focus on the essence of attack techniques and methods, helping the industry to think about defense strategies from the attacker's perspective, and to more effectively review their own cybersecurity protection configurations in order to jointly cope with the ever-changing cyber attack threats.


