Why cybersecurity spending Is resilient 

        Cybersecurity tech stacks must close the gaps that leave human and machine endpoints, cloud infrastructure, hybrid cloud and software supply chains vulnerable to breaches. The projected fastest-growing areas of cybersecurity reflect how urgent the issue of streamlining cybersecurity tech stacks is. Seventy-five percent of executives report too much complexity in their organizations, leading to concerning cybersecurity and privacy risks.

        Secure access service edge (SASE) and extended detection and response (XDR) are integration-based approaches to closing the gaps in cybersecurity tech stacks. They're proving effective in minimizing risks while providing CISOs, CIOs and their teams the visibility and control they need across all systems, endpoints and threat surfaces. 

        Every organization should anticipate that the attack surfaces they're protecting will grow faster than forecasted, and that more human and machine identities will see attempts to compromise them than security and IT teams expect. In addition, more privileged access credentials will be stolen than a given business expects. These combined effects make cybersecurity spending one of the most resilient enterprise software. The following is a curated list of the most recent cybersecurity forecasts and market estimates: 

          Sixty-nine percent of organizations plan to increase cybersecurity spending this year, driven by the business case of securing increasingly complex digital infrastructures their businesses rely on.
            McKinsey & and Company predicts organizations will rely more on service providers, and 85% of small and midsize businesses will invest more in cybersecurity, given the exponential increase in ransomware attacks and social-engineered attacks.
                    Cloud Security Alliance’s recent survey shows zero trust is gaining momentum across enterprises, with most senior management respondents saying their investment levels will increase.
                            While cybersecurity startups successfully obtained funding rounds through Q1/22, Q2 and Q3/22 will reflect just how resilient the industry continues to prove itself to be.

                            Spending will continue despite economic uncertainty  

                            Cybersecurity market estimates reflect continued spending despite global economic uncertainty. No business can afford to be down during challenging economic times. Therefore, the forecasts reflect a resilient outlook for the industry. Reducing risks, ensuring continued operations and managing identities and privileged access credentials are essential now.

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