The big events of the last two years — COVID-19 and ransomware — put a fine point on the importance of cybersecurity. And in 2022 that’s going to translate into bigger security technology budgets.
A recent ESG report, for example, found that 69% of technology decision makers say their organization will increase security technology spending this year, and IDC forecasts security product revenue will hit $77.8 billion this year, up from $67.7 billion in 2021.