Cyber security Spending slated to rise to 2.5% – 5.6% in 2020

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Cyber-security

A recent report from Canalys notes that global cybersecurity spending is estimated to grow between 2.5-5.6% in 2020. The research firm cited rising threats and vulnerabilities for organizations and the shift to remote working during the lockdown as top reasons for organizations to invest in cybersecurity. Cybersecurity spending can increase to 5.6% in its best-case scenario and is expected to reach $43.1 billion. 2020 security growth rates will vary by technology segment and endpoint security will see high growth rates of up to 8.5% as remote working practices are extended.

Source: bwdisrupt