While we’re seeing the effects of larger, more expensive cyberattacks, those effects also ripple out into government policy. The growth of cloud security needs and products reflects the wider world in two major ways: the rise of remote work and increased U.S. federal interest. A recent executive order aims to improve the U.S. federal government’s visibility into digital threats by encouraging industry innovation. Take a look at how these two aspects work together.
Changes in Cloud Security and the Cybersecurity Industry
Of all the things that slowed down in 2020, worldwide spending on information security wasn’t one of them. And it keeps growing. In May 2021, Gartner projected that organizations will spend $150.4 billion on this area by the end of the year. That will be growth of 12.4% — nearly double the rate for 2020.
Some elements will see even higher rates of growth. For instance, Gartner projected that cloud security spending will rise from $595 million to $841 million, an increase of 41.2%. This was followed by data security, infrastructure protection and identity and access management at 17.5%, 16.8% and 15.6%, respectively.
A Reflection of Reality
Gartner’s predictions reflect the wider world in two ways. First, they reflect the extent to which cloud computing security changed in the era of remote work. This interplay, ..
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