"Spending on Cybersecurity to Hit $188bn Next Year"

Researchers at Gartner have found that spending on cybersecurity and keeping businesses safe will grow by 11 percent to reach $188bn (£167bn) next year.  And cybersecurity spending will continue that double-digit growth through 2024 until cheaper solutions become available.  The researchers stated that security services, including consulting, hardware support, implementation, and outsourced services, are the largest category of spending, expected to reach $77bn in 2023 compared with almost $72bn this year.  The researchers identified three key drivers behind the ever-increasing amounts being invested in cybersecurity: demand for technologies that enable a secure remote and hybrid work environment, the rise of zero-trust network access (which is forecast to grow by 31 percent in 2023), and a shift to cloud-based delivery models.  The researchers believe the push toward cloud security will continue, and the market share of cloud-native solutions will grow.

Information Age reports: "Spending on Cybersecurity to Hit $188bn Next Year"