Published: 29 February 2024
End-user spending for the information security and risk management market will grow to $185 billion in current USD in 2023, with a constant currency growth of 13.4%. The market will reach $287 billion in 2027, with a CAGR of 11.0% from 2022 to 2027 in constant currency.
By the end of 2026, democratization of technology, digitization and automation of work will increase the total available market of fully remote and hybrid workers to 64% of all employees, up from 52% in 2021.
By 2027, more than 35% of new branch office firewall deployments will switch to firewall as a service (FWaaS), up from less than 10% in 2022.
By 2027, the public cloud services market will reach around $1,170.5 billion, up from $478.2 billion in 2022.
By 2025, user efficiency improvements will drive at least 35% of security vendors to offer large language model (LLM)-driven chat capabilities for
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Analysts:
Shailendra Upadhyay, Christian Canales, Ruggero Contu, Lawrence Pingree, Elizabeth Kim, Swati Rakheja, Rustam Malik, Rahul Yadav, Mark Wah, Akshita Joshi, Sean ONeill, Matt Milone, Travis Lee, Nat Smith
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