May 18, 2021

In a recent forecast, research firm Gartner predicted that global spending on information security and risk management will rise to $150.4 billion this year.

This is happening as companies continue to maintain remote staff while protecting their online assets from cyberattacks.

The latest forecast, which predicts a 12.4% gain from the last year, will include investments in security areas such as applications, cloud, data, identity access management, infrastructure protection, integrated risk management, network security equipment, security services, and consumer security software.

Security services will be the biggest beneficiaries of the forecast, thanks to increased spending on hardware support, implementation, and outsourced services totaling nearly $72.5 billion this year.

For more information, read the original story in Tech Republic.