Cybersecurity

[New] Cumulative global spending on cybersecurity products and services will exceed one trillion US dollars over the next five years with multiple trillions of dollars in cybercrime damages realized through 2025.
[New] With the introduction of the California Consumer Privacy Act (CCPA) this year and GDPR in 2018, the age of data privacy has begun, bringing the opportunity for businesses to harness it to gain competitive advantage.
[New] The California Consumer Privacy Act (CCPA) went into effect Jan 1: Other states are introducing similar privacy laws that will go into effect throughout the year, while some businesses are deciding to apply the CCPA rules nationwide.
61% of U.S. respondents cite lack of qualified talent as a reason why 4 million cybersecurity jobs will be left unfulfilled by 2021, while only 33% of UK women cite lack of qualified talent as a barrier.
With the impeachment of President Donald Trump fueling a sharply divided political climate before the 2020 presidential election, many observers see the opportunities to pass a privacy law before 2021 narrowing.
Data doing good: 2020 is the year data privacy regulation will go mainstream, and marketers will start seeking out ways to give secure data a greater purpose-finding impactful ways to ensure data can do the world good.
2020 is unlikely to be the year that a US comprehensive privacy law is passed, although developments in the coming months may generate traction and set the direction of travel towards an eventual law which will have impacts at least as consequential as the EU's GDPR.
With many instances of data security breaches in technology companies, businesses across the globe will be more serious about data privacy and security in 2020.
Sixty-three percent of organizations will deploy artificial intelligence in at least one area of cybersecurity this year.
With the rising number of data breaches and increased emphasis on data privacy regulations such as PSD2 and GDPR both in the U.S. and globally, DevOps-savvy organizations will be forced to prioritize diligence in security measures overtime to market in the year ahead.
The year 2020 promises to mark a paradigm shift in the world of cybersecurity, giving rise to new solutions, new threats and new means of tackling them.
The global market for energy IT and cybersecurity software and services will surpass $19 billion in 2020 and reach more than $32 billion in 2028.
The global annual market for energy IT and cybersecurity for software and services is projected to surpass $19 billion in 2020 and reach more than $32 billion in 2028.
Cybersecurity and environmental protection will be important topics in the coming year and will allow Europe to enforce its preferences, making it difficult for foreign companies to operate in the EU.
Automotive Cybersecurity Market was valued + $340 million in 2019 and is projected to grow at a CAGR of over +25% to reach + $895 million by 2025, on account of the increasing demand for connected vehicles.
Over all enterprise executives globally, Big Data, 5G, and Security/Privacy concerns are anticipated to have the biggest impact.
The California Consumer Privacy Act (CCPA) will highlight data collection and monetization in the US, just as the General Data Protection Regulation (GDPR) did in Europe.
To address Germans' long-standing concerns over privacy and personal data protection, the government will introduce a separate law on the protection of health data in electronic patient records.
The cybersecurity market for cars was valued at USD 186.63 million in 2019 and is expected to reach a value of USD 2460.9 million by 2025, registering a CAGR of 52.15% over the forecast period 2020-2025.
Enterprises across the world are increasing investment in data compliance, privacy and governance: The data privacy market is forecast to be worth $158 billion by 2024.
By 2021, approximately 90% of all corporate wellness programs will include a fitness tracker -- giving rise to several concerns around data privacy and compliance.
In the wake of the California Consumer Privacy Act (CCPA), privacy regulation will continue to proliferate across the United States.

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Last updated: 29 March 2020