Cybersecurity forecast 2023: zero trust, cloud security will dominate spending
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Current forecasts for cybersecurity spending in 2023 reinforce some of the key trends for 2022.
Gartner predicts that Zero Trust Network Access (ZTNA) will be the fastest growing network security market segment in the world. It is projected to achieve a compound annual growth rate (CAGR) of 27.5% between 2021 and 2026, growing from $633 million to $2.1 billion worldwide.
Revenue growth for ZTNA software and services in the United States reflects this strong market momentum, growing from $318.9 million in 2021 to $1.04 billion in 2026.
Another projection from Markets and Markets indicates that global spending on zero-trust software and services will grow from $27.4 billion in 2022 to $60.7 billion by 2027, reaching a CAGR of 17.3%.
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look here97% of companies have implemented a zero trust initiative or will have one in the next 12-18 months. This is based on interviews with 700 security decision makers who are at executive level and above. It was 16% just four years ago and 41% in 2020.
Zero trust: now a givenZero trust is gaining momentum in business
Zero trust is gaining momentum in business as CISOs face many challenges. These include securing identities as well as managing increasingly complex cloud configurations and a proliferating endpoint base. Ninety percent of companies moving to the cloud are adopting zero trust. And two-thirds (68%) of these senior cybersecurity leaders say secure cloud transformation is impossible with legacy network security infrastructure such as firewalls and VPNs.
>>Don't miss our new special issue: Zero Trust: The New Security Paradigm.
Check out all the Smart Security Summit on-demand sessions here.
Current forecasts for cybersecurity spending in 2023 reinforce some of the key trends for 2022.
Gartner predicts that Zero Trust Network Access (ZTNA) will be the fastest growing network security market segment in the world. It is projected to achieve a compound annual growth rate (CAGR) of 27.5% between 2021 and 2026, growing from $633 million to $2.1 billion worldwide.
Revenue growth for ZTNA software and services in the United States reflects this strong market momentum, growing from $318.9 million in 2021 to $1.04 billion in 2026.
Another projection from Markets and Markets indicates that global spending on zero-trust software and services will grow from $27.4 billion in 2022 to $60.7 billion by 2027, reaching a CAGR of 17.3%.
EventOn-Demand Smart Security Summit
Learn about the essential role of AI and ML in cybersecurity and industry-specific case studies. Watch the on-demand sessions today.
look here97% of companies have implemented a zero trust initiative or will have one in the next 12-18 months. This is based on interviews with 700 security decision makers who are at executive level and above. It was 16% just four years ago and 41% in 2020.
Zero trust: now a givenZero trust is gaining momentum in business
Zero trust is gaining momentum in business as CISOs face many challenges. These include securing identities as well as managing increasingly complex cloud configurations and a proliferating endpoint base. Ninety percent of companies moving to the cloud are adopting zero trust. And two-thirds (68%) of these senior cybersecurity leaders say secure cloud transformation is impossible with legacy network security infrastructure such as firewalls and VPNs.
>>Don't miss our new special issue: Zero Trust: The New Security Paradigm.
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