Proof Point
Business Insider estimates cumulative U.S. cybersecurity spending for PCs, mobile and IoT devices between 2015 and 2020 to reach $671 billion
U.S. Estimated Total Cumulative Cybersecurity Spending for Selected Devices
2015 – 2020F (US$ billion and percentage)
Proof Point Findings
- Cybersecurity – Technologies, processes, and practices designed to prevent cyber attacks, including damage or unauthorized access to networks, computers, programs, and data
- Cybersecurity Expenditures – Forecasted to accumulate to $671 billion between 2015 and 2020
- Device Share – More than half (57.5%) or $386 billion expected to be invested on securing PCs, with Internet-of-things (IoT) device security estimated to reach $172 billion (25.6%) and mobile at $113 billion (16.8%)
- Key Growth Drivers – Include increasing number and sophistication of global cyberattacks, rising consumer concern for privacy and security, and heightening regulatory requirements for increased security
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Accelerator |
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Sector |
Information Technology
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Source |
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Date Last Updated |
August 11, 2017
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