Global spending on information security and risk management technology will reach $ 150.4 billion this year – a growth of 12.4%.

This is based on recent research by Gartner, which also found that risk management spending increased 6.4% in 2020.

According to Lawrence Pingree, Gartner’s Managing Research Vice President, the robust growth rate indicates increased demand for remote working and cloud technologies.

“Companies continue to grapple with the security and regulatory requirements of the public cloud and software as a service,” says Pingree.

“Looking ahead, we see early market signals for increased automation and the continued adoption of machine learning technologies to support AI security.

“To combat attacks, organizations will expand and standardize the activities for detecting and responding to threats.”

According to Gartner’s 2021 CIO Agenda Survey, cybersecurity was a top priority for CIOs in terms of potential new issues. 61% of the more than 2,000 CIOs surveyed …

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