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Security, risk management spend to top $150bn


May 17, 2021
Worldwide spending on information security and risk management technology and services is forecast to grow 12,4% to reach $150,4-billion in 2021, according to the latest forecast from Gartner. Security and risk management spending grew 6,4% in 2020.
Gartner analysts say the strong growth rate reflects continuing demand for remote worker technologies and cloud security.
“Organisations continue to grapple with the security and regulatory demands of public cloud and software as a service,” says Lawrence Pingree, managing research vice president at Gartner. “Looking ahead, we’re seeing early market signals of growing automation and further adoption of machine learning technologies in support of AI security. To combat attacks, organizations will extend and standardise threat detection and response activities.” ....

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