Cybersecurity is currently one of the most important areas for organizations worldwide, as each adapts to the post-COVID-19 world. Endpoints of remote workers are a new edge area in the context of securing company data.
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According to Forrester, companies are expected to spend $12.6 billion on cloud security tools by 2023, compared to $5.6 billion in 2018.
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According to Gartner, enterprise spending on cloud security solutions is expected to grow from $636 million in 2020 to $1.63 billion in 2023, achieving a 26.5% CAGR (Compound Annual Growth Rate).
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According to Gartner, infrastructure protection spending is expected to grow from $18.3 billion in 2020 to $24.6 billion in 2023, achieving a 7.68% CAGR.
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Endpoint security tools account for 24% of all IT security spending, with total spending in this area reaching $128 billion in 2020 (Morgan Stanley).
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According to IDC, despite increased endpoint security spending (such as mobile devices and user computers), they are still the source of 70% of all security breaches.
For years, most companies have been implementing a Zero Trust Security approach in this area, which due to the current situation is being intensively tested and verified. Cybercriminals are trying to exploit the fact that tens of millions of workers have started working from home and are attempting to attack new areas.
Related Terms
Learn key terms related to this article in our cybersecurity glossary:
- CSPM (Cloud Security Posture Management) — CSPM (Cloud Security Posture Management) is a category of cloud security tools…
- Cybersecurity — Cybersecurity is a collection of techniques, processes, and practices used to…
- Cybersecurity Incident Management — Cybersecurity incident management is the process of identifying, analyzing,…
- Zero Trust — Zero Trust is an IT security model that assumes that no person, device, or…
- Cloud Environment Security — Cloud environment security refers to the technologies, procedures, policies,…
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