Information security market to reach $ 170 billion by 2020

According to research firm MarketsandMarkets, by 2020, information security market will reach $ 170 billion, which is $ 100 billion more than the current rate.  Experts say that by 2020, the demand for all data protection solutions will significantly increase.

As of November 2015, companies had spent $ 75 billion on ensuring data security. According to analytical forecasts, this figure will grow to $ 91 billion by the end of this year. In general, by 2019, the security market will grow by $ 73 billion - to $ 116 billion.

MarketsandMarkets expects growth of the global cyber security market from $ 106.32 billion in 2015 to $ 170.21 billion in 2020. According to MarketsandMarkets, the cumulative annual growth will be 9.8%.
Experts also note the growing demand for managed security services. According to the forecasts, in 2015, the share of managed security services accounted for 40% of the total market, SecurityLab reports.

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