Cyber Security Spending Heading For $200 Billion A Year - Bloomberg
InformationAge, April 22nd, 2021
May 2, 2021,
Volume 277, Issue 4

A new Bloomberg Intelligence (BI) report has found that spending on cyber security is set to exceed $200 billion a year by 2024

Aaron Hurst writes in InformationAge, "The rise in cyber security spending forecast by BI in its report, Cybersecurity Primer: Accelerating Cloud Shift, is set to be due to a switch to cloud security, with the network and endpoint security segments likely to see the fastest growth.

Increased remote working is partly responsible for the expansion of the market, which was worth around $132 billion last year, but cloud-based software was already expanding in the security space before the Covid-19 pandemic, as it replaced traditional infrastructure..."

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