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Gartner: cybersecurity spending will grow 7% this year to $86.4B

Published 08/16/2017, 10:32 AM
© Reuters.  Gartner: cybersecurity spending will grow 7% this year to $86.4B
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  • Worldwide IT security product and service spending will grow 7% this year to $86.4B, according to Gartner research cited by TechCrunch.
  • Tailwinds include continuing, headline-grabbing data breaches and growing app security testing demand.
  • The European Union’s General Data Protection Regulation going into effect in May has also increased interest in cybersecurity companies and products.
  • Gartner predicts the regulation will motivate 65^ of data loss prevention buying next year as even multinational companies will need to abide by the law.
  • Related ETFs: HACK, CIBR, HAKK.
  • Now read: Following The Surprising PureFunds Dismissal, Here's How The Cybersecurity ETF Will Change

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