theDocumentId => 1326046 Recalibrating Cybersecurity Spending Projections

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6/29/2016
01:25 PM
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Recalibrating Cybersecurity Spending Projections

How big and how fast will the cybersecurity market grow in five years? Inquiring minds want to know.
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While cybersecurity spending has grown by 35x over the last 13 years, most big analyst firms still expect decent but modest growth in the next five years. However, according to a new report from market intelligence firm Cybersecurity Ventures, their projections are likely selling the market short. The firm believes that spending will be much more robust than what firms like Gartner and IDC are predicting, due to a number of factors.

 

Ericka Chickowski specializes in coverage of information technology and business innovation. She has focused on information security for the better part of a decade and regularly writes about the security industry as a contributor to Dark Reading.  View Full Bio
 

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Couchaa
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Couchaa,
User Rank: Apprentice
6/30/2016 | 1:08:06 AM
Increased Spending isn't Correlating to Less Cyber Attacks
It's pretty well known that cyber attacks, and succesful ones at that, are only increasing. What companies are failing to do is design security programs that are coupled with supporting technical architectures. I've seen CTOs buy products because industry leading companies buy them but, in reality these tools and products are only as good as the support processes and humans managing them. I have no doubt that cyber security spending will only increase over the next 5-10 years but the way in which those funds are spent needs to be more thought out than what is currently taking place.
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