Spending on cybersecurity in the United States 2010-2018

In 2018, global spending on cybersecurity was projected to reach around 66 billion U.S. dollars, more than doubling in value since 2011. Utilizing an array of software and IT services, the field of cybersecurity focuses on ensuring the safety of digital systems and information.

Cybersecurity Market

Cybersecurity measures are utilized in companies, government organizations, and among private customers around the world. The field has come a long way from the days of frustrating antivirus software on personal computers, and now includes sizable segments for network security, data protection, and vulnerability management. The amount of digitalized, private information has grown massively in the past decade, increasing the need for more advanced cyber security technology.

Cyber attacks

Considering the steady increase in cyberattacks over the years, it is no surprise that the cybersecurity market is growing so rapidly. Hundreds of millions of private records are exposed each year, risking the privacy and security of both individual consumers and businesses around the world. Phishing and network intrusion are the most common types of attack experienced by companies, but preventable mistakes like lost devices and inadvertent disclosures are also relatively common.