{"id":15813,"date":"2019-02-22T11:17:42","date_gmt":"2019-02-22T11:17:42","guid":{"rendered":"http:\/\/www.devopsonline.co.uk\/?p=15813"},"modified":"2019-02-22T11:17:42","modified_gmt":"2019-02-22T11:17:42","slug":"cybersecurity-spending-to-get-two-8-45bn-growth-spikes","status":"publish","type":"post","link":"https:\/\/devopsnews.online\/cybersecurity-spending-to-get-two-8-45bn-growth-spikes\/","title":{"rendered":"Cybersecurity spending to get two \u00a38.45bn growth spikes"},"content":{"rendered":"
Cybersecurity spending will get two \u00a38.45bn growth spikes to reach \u00a3171.8bn by 2024, reports technology research company, Rethink.<\/p>\n
The report states that cybersecurity revenues in 2018 were \u00a3123bn and will jump an enormous \u00a38.45bn during 2019, as the focus moves to GDPR adherence and adherence to similar legislation.<\/p>\n
Growth will slow to around \u00a37.5bn per annum after this but then will spike once again in 2023\/4 as AI based cybersecurity escalates, reaching \u00a3171.8bn.<\/p>\n
This means cybersecurity spending will rise faster than total IT budgets over the next five years.<\/p>\n
The European Union\u2019s GDPR has set the agenda for legislation over data privacy and protection worldwide and that is generating a spike in spending on security measures that ensure compliance.<\/p>\n
This will continue to ripple around the world between 2019 and 2021.<\/p>\n