According to Gartner forecasts, global cybersecurity expenditure will reach $170BN by 2020. It is not hard to see this prediction come true when considering the cyber crime losses that continue to mount. The question is what will the money be spent on and will it be spent wisely?
Worldwide spending on information security will reach $75 billion for 2015, an increase of 4.7% over 2014, according to the latest forecast from Gartner, Inc. The global cybersecurity market is expected to be worth $170 billion by 2020, according to Hemanshu “Hemu” Nigam, founder of security advisory firm SSP Blue, and an expert in online safety and privacy who has led security efforts at Microsoft and News Corporation. The cyber security market is estimated to grow at a compound annual growth rate (CAGR) of 9.8% from 2015 to 2020, according to a report from Markets and Markets.