Published: 14 September 2023
End-user spending in the information security and risk management market is projected to grow at 14.2% in current currency in 2023. The projected 2022 through 2027 constant-currency compound annual growth rate of 11% will drive the market to reach $288.5 billion spending in current currency by 2027.
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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.
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