Critical Infrastructure Spending in Cybersecurity to Surpass $105 Billion in 2021
According to new a new report by global tech market advisory firm ABI Research, cybersecurity spending for critical infrastructure will increase by $9 billion over the next year to reach $105.99 billion in 2021.
Security spending in critical infrastructure has been largely not impacted by the COVID-19 pandemic, save for some reshuffling on where that spend is most needed. The effect has been mostly in increased demand for secure remote connectivity. Most of the cybersecurity spending announced by governments has not changed significantly, however, with most maintaining similar funding planned in previous years, with an average year-over-year (YOY) growth rate between 5-10 percent.