2020 Roundup Of Cybersecurity Forecasts And Market Estimates

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  • Enterprises are predicted to spend $12.6B on cloud security tools by 2023, up from $5.6B in 2018, according to Forrester.
  • Enterprise spending on cloud security solutions is predicted to increase from $636M in 2020 to $1.63B in 2023, attaining a 26.5% CAGR.   
  • Spending on Infrastructure Protection is predicted to increase from $18.3B in 2020 to $24.6B in 2023, attaining a 7.68% CAGR.
  • Endpoint security tools are 24% of all I.T. security spending, and by 2020 global I.T. security spending will reach $128B according to Morgan Stanley Research.
  • 70% of all breaches still originate at endpoints, despite the increased I.T. spending on this threat surface, according to IDC.

Cybersecurity now dominates the priorities of every organization as each adapts to a post-COVID 19 world. Remote workers identities’ and devices are the new security perimeter. This is what Zero Trust Security was designed for, and the post-pandemic world is its acid test and crucible. To learn more about how zero trust works, be sure to watch Forrester Principal Analyst Dr. Chase Cunningham’s video, Zero Trust, in Practice here. Dr. Cunningham’s latest book

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