Cloud security spending to rocket by a third in 2020 – Gartner>
CRN – Doug Woodburn
Cloud security spending will skyrocket by 33 per cent in 2020, according to Gartner, which has warned that the wider security market will endure slower growth this year. Information security spending is set to grow 2.4 per cent to hit $123.8bn in 2020, down from the 8.7 per cent growth Gartner projected in its December 2019 forecast update.

Leading the way is cloud security spending, which Gartner now thinks will swell by 33 per cent to $585m. The shift to cloud-based delivery models will shield the security market from the full effects of a recession, the analyst said, noting that just 12 per cent of overall security deployments were cloud-based in 2019. Security services – by far the largest sub-category – will enjoy a modest 3.7 per cent spending increase in 2020 to $64.3bn, Gartner predicts. Looking at the other major categories, spending on both infrastructure protection and identity management will grow by 5.8 per cent to reach a respective $17.5bn and $10.4bn. Network security equipment spending, in contrast, will drop by 12.6 per cent to $11.7bn, by Gartner’s reckoning.
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