Cloud Security Spend Set to Reach $12.6B by 2023

GlobalDots
1 Min read

Businesses are expected to spend $12.6 billion on cloud security tools by 2023, up from $5.6 billion in 2018 and with an especially close focus on public cloud native platform security, Forrester reports.

Reduce your AWS costs by over 50%

Discover your Cloud Saving Potential – Answer just 5 simple questions. AppsFlyer, Playtika, Lufthansa, IBM, top leading companies are already using our FinOps services.

Reduce your AWS costs by over 50%

The data comes from its “Cloud Security Solutions Forecast, 2018 to 2023,” which investigates the ways companies will invest in cloud security tools over the next five years. This global increase in cloud security spend aligns with a broader trend toward cloud spend overall: Researchers report public cloud services spend will reach $236 billion by 2020, up from $178 billion spent in 2018.

More than half (54%) of infrastructure decision makers have implemented or are expanding use of the public cloud, up from 25% in 2015. While respondents have become used to public cloud services, they’re still wary of risk. Businesses typically use a mix of public, private, and hybrid clouds and work with multiple service providers. Different implementations serve different needs, but complexity creates challenges in monitoring data and detecting threats.

Read more: Dark Reading 

Latest Articles

Justt – IaC

Justt is a chargeback mitigation startup based in Tel Aviv. Chargebacks, as defined, are demands by a credit card provider for a retailer to reimburse losses on fraudulent or disputed transactions. Justt’s objective is to assist merchants worldwide in combating false chargebacks using its proprietary artificial intelligence technology.

GlobalDots
22nd February, 2024
8 FinOps Best Practices for Cutting Cloud Costs

The cloud used to be viewed as a place of significant cost savings: rather than purchasing and maintaining dozens of server stacks, organizations could outsource this and purchase compute power on an as-needed basis. In the ensuing rush to cloud architecture, however, many companies simply lifted-and-shifted their old financial bad habits. The sheer speed of […]

GlobalDots
22nd February, 2024
How FinOps Capabilities Can Unlock Your Cloud Cost Goals

Cloud computing has transformed more than individual app architectures: it’s granted both start-ups and market leaders an equal platform for innovation. New products are no longer dependent upon complex revenue-draining in-house server stacks. Instead, cloud-native disruptors such as Uber and Airbnb have been able to harness the once-unthinkable degrees of agility, scalability, and cost-efficiency that […]

GlobalDots
24th January, 2024

Unlock Your Cloud Potential

Schedule a call with our experts. Discover new technology and get recommendations to improve your performance.

Unlock Your Cloud Potential