March 17, 2021
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End-user spending on enterprise information security and risk management in India is set to touch $2.08 billion in 2021, an increase of 9.5 per cent on that in 2020, according to a forecast from Gartner, Inc.
“The overnight move to remote-working in reaction to the pandemic exposed organisations’ vulnerabilities,” said Prateek Bhajanka, senior principal research analyst at Gartner.
“While security leaders had to cut down on their security spending in 2020 because of IT budget cuts, this trend is reversing in 2021. A secure digital environment is now foundational to organisations’ growth and in preparation for another crisis that may arise. Security leaders are ready to reinvest in cybersecurity with a renewed and refreshed rigour,” Bhajanka added.