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Security services, including consulting

Posted: Mon Feb 10, 2025 10:12 am
by relemedf5w023
Gartner: Pandemic Boosts Global Security and Risk Management Market
20.05.2021
Gartner predicts that security and risk management (SRM) spending will grow globally in 2021 by 12.4% to reach $150.4 billion. Recall that in 2020, it grew by 6.4%. Analysts believe that the acceleration of growth in 2021 reflects the continued growth in demand for remote work support technologies and cloud security.


Hardware support, implementation, and outsourcing services, represent the largest spending category in 2021, at nearly $72.5 billion worldwide.

"Organizations continue to grapple with the security and algeria whatsapp data requirements of public clouds and SaaS," said Lawrence Pingree, research managing vice president at Gartner.

Gartner is seeing early signals from the market about growing automation and further adoption of machine learning technologies in the security industry, he said. To combat attacks, organizations will expand and standardize their threat detection and response activities.

Meanwhile, the smallest but fastest-growing segment of the market is cloud security, specifically cloud access security brokers (CASBs). “Customer demand dynamics indicate that CASBs are a popular choice for organizations using cloud technologies. This is due to the growing popularity of using non-PC devices to interact with core business processes, which creates security risks that can be effectively mitigated by CASBs,” Pingree explained. “CASBs also provide more secure interactions between SaaS applications and unmanaged devices.”