Cybersecurity investments will increase up to 10% in 2021>
Help Net Security
A Canalys forecast predicts cybersecurity investments will increase 10% worldwide in the best-case scenario in 2021. Information security will remain a high priority this year, as the range of threats broadens and new vulnerabilities emerge, while the frequency of attacks is unlikely to subside.

The overall cybersecurity market value is expected to reach US$60.2 billion in 2021, covering shipments of endpoint security, network security, web and email security, data security, vulnerability and security analytics, and identity access management. Worst-case scenario, the outlook is for annual growth of 6.6%. This assumes a deeper and protracted economic impact from lockdowns, and considers the emergence of new variants of the virus.

Despite the continued growth in cybersecurity investment, the number of data breaches and records being compromised, as well as ransomware attacks, reached an all-time high last year.

Over 12 billion records, containing a range of personal identifiable information, were reportedly compromised in 2020, while the number of known ransomware attacks increased by nearly 60%. Misconfigurations of cloud-based databases and phishing campaigns targeting the vulnerabilities of unsecured and poorly trained remote workers were key factors.

Sadly at this time, with the healthcare and education sectors under extraordinary pressure, more attacks and online fraud were directed at them. Ongoing mass remote working and learning, and the acceleration of digital transformation projects will maintain this trend in 2021.

Web and email security will grow 12.5% in 2021, one of the highest growth segments, as disparate technologies converge to secure persistent connections between users and cloud services. Vulnerability and security analytics will increase 11.0%, expanding beyond logging and monitoring to threat intelligence, behavior analysis and automated response.

Growth in endpoint security will slow to 10.4% after a strong 2020. It will remain a vital part of cybersecurity stacks, as many office-based workers remain working remotely. Identity access management, a key part of zero trust policies, underpinning secure access to data and applications, will grow 10.4%.

Network security will be the largest segment, increasing 8.0%, driven by the restart of delayed upgrade projects. Data security will increase 6.6%, focusing on protection, backup and recovery as well as consistent policies across multi-cloud and hybrid-IT environments.
Link: https://www.helpnetsecurity.com/2021/01/26/cybersecurity-investments-2021/