Cybersecurity has been garnering more attention of late, as escalating geopolitical tensions have renewed concerns about cyberattacks from foreign nation-states. Yet the threat of cyberattacks is nothing new, and many organizations have made significant investments in cybersecurity in recent years. According to Gartner, cybersecurity spending stood at an estimated $124 billion in 2019.1 Regardless of how geopolitical events unfold, we expect several important catalysts to remain drivers of growth for the cybersecurity industry throughout 2020 and beyond.
¹Source: Gartner, Inc. Gartner Forecasts Worldwide Information Security Spending to Exceed $124 Billion in 2019.
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