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Cyber security spending will hit 96bn in 2018.
Cyber security spending trends 2018. The cyber security market is estimated to grow to 170 billion usd by 2020 at a compound. Spending on security services outpaced other investments for the first time in 2018. The enterprise strategy group. Cybersecurity budgets continue to grow every year reflecting this complexity.
In 2018 global spending on cybersecurity was projected to reach around 66 billion u s. The amount of funding raised worldwide by cybersecurity startups in 2017 a record year cbi. Research firm gartner projects that the world will spend 101 billion on information security in 2018. Utilizing an array of software and it services the field.
While on premise cybersecurity solutions will continue to increase cloud based security which represented roughly 12 of total spending on cybersecurity in 2015 is expected to grow to 20 of. Worldwide enterprise security spending in 2018 up 8 from 2017. Gartner analysts also predicted that security services will account for 50 percent of cybersecurity budgets by. Dollars more than doubling in value since 2011.
Massive cyberattacks and data breaches are driving companies worldwide to increase cybersecurity spending to 96 billion in 2018 up 8 over 2017 according to a new research forecast from gartner. Gartner has estimated that worldwide security spending grew 10 5 in 2019 compared to 0 4 growth in it spending. Most market analysts such as zion market research predict that the overall cyber security market will grow at around a 10 cagr to reach 181 billion in 2021. The continuous growth of cybercrime indicates that spending on cybersecurity across various verticals for a multitude of solutions will substantially increase.
Worldwide spending on information security is forecast to rise 8 7 and exceed 124 billion in 2019 according to a forecast from u s.
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