Cloud Security Spending Will Grow To $3.5 Billion By 2021

▤ Summary

· This rapid shift to the cloud raises new issues and challenges for security and risk professionals. Our recently published Forrester Data: Cloud Security Solutions Forecast, 2016 To 2021 (Global) shows that we expect spending on global cloud security solutions to reach $3.5 billion by 2021 — an annual growth rate of 28% over the next five years. We estimate that total global spending on security software was $24 billion in 2016 and will grow 10% annually in 2017 and 2018. Larger tech vendors are quickly entering and consolidating the space via acquisitions. These well-funded new entrants will help drive growth by incorporating cloud security solutions into their overall product offering.

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