Home Resources Blog Cybersecurity Spending Hits ‘Temporary Pause’ Amid Pandemic

Cybersecurity Spending Hits ‘Temporary Pause’ Amid Pandemic

Admin Globaldots
05.06.2020
image 1 Min read

Not even the red-hot cybersecurity sector is immune to the major economic downturn resulting from the global coronavirus pandemic. As parts of the world begin to gradually reopen for business as stay-at-home orders lift, many IT security teams now also face a fresh new reality of spending and hiring freezes.

The security industry currently is experiencing an overall slowdown that ultimately could shape the future direction of some security technologies and products – especially as organizations rethink how they operate in the wake of the pandemic. Security industry experts are cautiously calling it a short-term slowdown but admit there’s no way to know just how long or what kind of recovery security will experience.

Forecasts are grim, at least in the short term: Gartner estimates a $6.7 billion decrease overall in global security spending in 2020 for software and services as a result of the economic impact of the pandemic, while Forrester Research has warned security teams to expect to see leaner budgets and trimming of their already-thin staffs.

Read more: Dark Reading

Read More

Inform every aspect of your product & business with CDN Monitoring
Monitoring, Logging & Observability
Snir Ambar, Head of AI & Innovation @ GlobalDots 22.09.22

Extract actionable real-time insights, optimize performance and identify issues before they become problems – by unlocking the hidden value of CDN logs! Get 14 days free access to all features right now.

Watch more
Cybersecurity takes center stage
DevOps as a Service
Artem Mescheryakov, Senior DevOps Engineer, GlobalDots 20.09.22

In recognition of National Coding Week, Geektime.com, a top media channel covering tech, startup, venture capital, internet, mobile, development and more – featured a guest post by Artem Mescheryakov, Senior DevOps Engineer at GlobalDots:  “National Coding Week is about learning the value and importance of digital skills as well as nurturing the increasingly important skill of coding. Developer shortages […]

Read more
A CISO’s Essential Guide to API Security
API Security
Admin Globaldots 15.09.22

Learn how to reduce the business risk of API attacks – and maximize the value of digital innovation.  APIs are the entry point to your organization’s most critical data and services. Their protection is crucial to reduce risks, maximize program value, and generate growth. In this guide, we take a close look at the special […]

Read more
Unlock Your Cloud Potential
Schedule a call with our experts. Discover new technology and get recommendations to improve your performance.
Book a Demo