The cybersecurity channel is set for a solid year ahead, according to the beancounters at analyst outfit Canalys.
The firm is forecasting a potential 10 per cent increase in worldwide spending on security in 2021 if everything goes as it is now.
In terms of product categories, Canalys is forecasting a 12.5 percent climb in web and email security, while vulnerability and security analytics will increase 11.0 percent. Growth in endpoint security will slow to 10.4 percent after a solid 2020.
Although small and medium-sized enterprise (SME) budgets have been hit in the pandemic, overall spending on cybersecurity has remained high. Most users have had little choice but to keep their defences protected as staff work from home and vulnerabilities increase.
Even with all of the spending, 2020 saw records being set on the data loss front. Canalys reported that data breaches and ransomware meant that life was particularly difficult for businesses last year, with 12 billion records being compromised.
