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A new wave of data confirms that the exploding number of media reports on cybersecurity is not just hype: Organizations of all sizes are deeply concerned about their exposure to cybercriminals and preparedness to ward off attacks, and they’re turning to MSPs for support.
In Australia, end-user spending on security and risk management will grow 11.5% to Aus$7.74 billion in 2024. This is slightly lower than the global increase in spending (which will be 14%), but still a substantial double-digit growth. Aotearoa New Zealand is roughly parallel to Australia and will see security spending increase by 11%.
Meanwhile, a Cisco-commissioned Canalys study has found that cybersecurity will be at the heart of a 14% growth opportunity that will continue through 2025.
“Growth in managed services is projected to surpass growth in overall IT spending, fuelled by a rising demand for cybersecurity services and expertise. More than half (56%) of channel partners expect revenue growth from cybersecurity managed services in…
