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Cyber security spending trends. Analyst data shows that spending on cybersecurity is not only growing but also growing faster than it spending overall. Cyber security spending is outpacing general it spending and by a lot. That s an estimated increase of 9 4 over 2018 and they expect this rate of growth to. Enterprise spending on cloud security solutions is predicted to increase.
Cyber security spending is on the rise. Enterprises are predicted to spend 12 6b on cloud security tools by 2023 up from 5 6b in 2018 according to forrester. However here are a few things we see in 2020. Cybersecurity budgets continue to grow every year reflecting this complexity.
Some of the cyber security trends we mentioned for 2019 are likely to carry over into 2020. Cyber security spending will continue to increase. Here are top 10 cybersecurity trends to watch out in 2020. 11 cybersecurity budget trends to keep an eye on 1.
Worldwide it security spending in 2019 was projected to grow 8 7 percent over. Compare that to general it spending which gartner expects to grow by only 3 2 this year. According to gartner cyber security experts worldwide spending on it security will jump 8 7 this year up 124 billion. Four times more budget is being directed to cybersecurity services than.
Spending on these services hit 64 2. Gartner has estimated that worldwide security spending grew 10 5 in 2019 compared to 0 4 growth in it spending. Managed security services which can range from incident response assistance to complete infrastructure management are being turned to more and more often. In fact data from idc shows that global spending on cyber security solutions such as hardware software and services is anticipated to top 103 billion this year alone.
Dollars with forecasts suggesting that the market will eclipse 43 billion by 2020 as the best case scenario taking. In 2018 spending in the cybersecurity industry reached around 40 8 billion u s. Security services are outpacing software. The single biggest risk organizations throughout europe will be cybersecurity prompting an increase in spending on cybersecurity in the region in 2019.
Protecting data and assets becomes more complicated as threats evolve.
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