Gartner, Inc.’s latest forecast is that global spending on information security and risk management technology and services is expected to grow 12.4 percent to $ 150.4 billion in 2021.
According to the report, spending on security and risk management increased 6.4 percent in 2020.
According to Gartner analysts, the strong growth rate is due to a growing demand for remote worker technologies and cloud security.
“Companies continue to grapple with the security and regulatory requirements of public cloud and software as a service,” said Lawrence Pingree, Gartner managing research vice president.
“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 their threat detection and response activities, ”he said.
Cyber security is a top priority
According to Gartner’s 2021 CIO Agenda Survey, cybersecurity was the …