Cloud Security Spending to Buoy the Security Market in 2020

Cloud Security Spending to Buoy the Security Market in 2020

Enterprises are putting the brakes temporarily on security spending amid the chaos of the global pandemic, but analysts believe that 2020 will still see growth in the market. A new worldwide security and risk management spending forecast released by Gartner this week updated numbers downward, with the firm projecting infosec spending to grow 2.4% this year compared to the more rosy 8.7% it predicted in December 2019. If the stats hold, the security market will hit $123.8 billion by year end.

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