Analyst firm Gartner has identified three factors influencing growth in security spending.
The three factors are the increase in remote and hybrid work, the transition from VPNs to zero trust network access (ZTNA), and the shift to cloud-based delivery models.
“The pandemic accelerated hybrid work and the shift to the cloud, challenging the CISO to secure an increasingly distributed enterprise,” said Gartner senior director analyst Ruggero Contu.
“The modern CISO needs to focus on an expanding attack surface created by digital transformation initiatives such as cloud adoption, IT/OT-IoT convergence, remote working and third-party infrastructure integration. Demand for technologies and services such as cloud security, application security, ZTNA, and threat intelligence has been rising to tackle new vulnerabilities and risks arising from this exposure.”
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Gartner forecasts spending on information security and risk management products and services will grow 11.3% to more than US$188.3 billion in 2023.
Cloud security spending is tipped to increase by 26.8% in 2023, closely followed by application security spending at 24.7%.
Security services (including…
