FROM THE EDITORS AT CYBERSECURITY VENTURES<\/p>\n
Q1 2017<\/strong><\/p>\n The Cybersecurity Market Report is published quarterly by\u00a0Cybersecurity Ventures<\/a>. We cover the business of cybersecurity, including market sizing and industry forecasts from consolidated research by IT analyst firms, emerging trends, cybercrime, employment, the federal sector, notable M&A, venture capital and corporate investments, IPO activity, and more.<\/p>\n MARKET SIZING & PROJECTIONS<\/p>\n Cybersecurity Ventures predicts global cybersecurity spending will exceed $1 trillion from 2017 to 2021<\/strong><\/p>\n Cybercrime continues to fuel cybersecurity market growth<\/p>\n \u2013\u00a0<\/em>Steve Morgan<\/em><\/a>, Editor-In-Chief<\/em><\/p>\n Menlo Park, Calif. \u2013 Feb. 17, 2017<\/p>\n Cybersecurity Ventures predicts global spending on cybersecurity products and services will exceed $1 trillion cumulatively over the next five years, from 2017 to 2021.<\/p>\n In 2004, the global cybersecurity market was worth $3.5 billion<\/a>\u00a0\u2014 and in 2017 we expect it to be worth more than $120 billion. The cybersecurity market grew by roughly 35X over 13 years.<\/p>\n While all other tech sectors are driven by reducing inefficiencies and increasing productivity, cybersecurity spending is driven by cybercrime. The unprecedented cybercriminal activity we are witnessing is generating so much cyber spending, it\u2019s become nearly impossible for analysts to accurately track.<\/p>\n We anticipate 12-15 percent year-over-year cybersecurity market growth through 2021, compared to the 8-10 percent projected over the next five years by several industry analysts.<\/p>\n IT analyst forecasts are unable to keep pace with the dramatic rise in cybercrime, the ransomware epidemic, the refocusing of malware from PCs and laptops to smartphones and mobile devices, the deployment of billions of under-protected Internet of Things (IoT) devices, the legions of hackers-for-hire, and the more sophisticated cyber-attacks launching at businesses, governments, educational institutions, and consumers globally.<\/p>\n It is likely that analyst firms will catch up with our projections in 2017 \u2014 and update the disproportionately low share of total IT spending which security is expected to account for (over the next 5 years) in their current reports. By 2020, we expect IT analysts covering cybersecurity will be predicting five-year spending forecasts (to 2025) at well over $1 trillion.<\/p>\n 2-MINUTE BRIEFING<\/p>\n Scott Schober shares his insights on cybersecurity spending and related market numbers<\/strong><\/p>\n Watch\u00a0Scott Schober<\/a>, cybersecurity expert, inventor, and author of the popular book\u00a0Hacked Again<\/a>, and host of the Cybersecurity Ventures Quarterly Report, to learn more about cybersecurity spending.<\/p>\n