Cyber & Homeland Security

Industrials Sector IconTechnology, Media & Telecom Sector

What is driving increased spend to cloud-based security?

The security software market is projected to rise from ~$135 billion in 2019 to nearly $200 billion by 2024, representing one of the fastest growing segments in global technology. In parallel, we see an evolving geopolitical and defense landscape adding to a security focus on digital risks and technological weapons, benefiting cybersecurity service providers.

Our proprietary survey of Chief Information Security Officers representing $30 billion in IT spending suggests the security software market will change radically over the next 3-5 years, with more investment in cloud-based security. This is likely to drive further government emphasis on all-new technology platforms, with R&D spanning new weapon paradigms and threat management from non-traditional vulnerabilities.

What we’re watching:

  • Joint Enterprise Defense Infrastructure (JEDI)
  • Allocation of wallet to cloud-based security
  • Automation of security tasks
Themes 2020

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New York, NY

Jun 04, 2024

8th Annual Future of the Consumer Conference

New York, NY

May 29, 2024

52nd Annual Technology, Media & Telecom Conference

Boston, MA

Mar 04, 2024

44th Annual Health Care Conference