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The proactive security market is undergoing tremendous growth

October 01, 2018

Sophie Harrison

The cybersecurity market has reached a point whereby organisations need to shift their strategies and have a new, proactive approach to cybersecurity, according to a report commissioned by cybersecurity company Panaseer.

Analysis by 451 Research supports the recent industry predictions from Markets and Markets, which outlined that the proactive security market is undergoing tremendous growth. Its report outlined that the market is expected to grow from USD 20.66 billion in 2018 to USD 41.77 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 15.1% during the forecast period.

“The last decade has seen a huge surge in cyber defense technologies that support a reactive approach. However, we have now reached a point where this just doesn’t work. It is an outdated equation where you will never have enough resources to respond, as reacting costs much more budget – it’s like closing the stable door after the horse has bolted. If you are to stand a genuine chance of combatting threats successfully and addressing the myriad of compliance issues facing all industries, you need a different playbook. With limited budgets and resources, and demands for insight and proof, organisations must move from firefighting to fireproofing and developing a robust, proactive cyber strategy,” said Nik Whitfield, CEO, Panaseer.

You can find out more in this article by HelpNet Security.

Read the full Proactive Security Pathfinder whitepaper, which outlines how organisations can overcome four key obstacles to enable effective preparation and protection.