Gartner Shrinks Infosec Spending Forecast for 2020, Cloud Security Gets COVID-19 Boost (CIO Dive)


Gartner expects spending on information security to increase just 2.4% this year, down from December projections of 8.7% growth, according to the firm’s analysis. Spending is expected to reach $123.8 billion this year. While the IT market slowed spending because of COVID-19, a few security segments benefited, including cloud security spending, which is expected to grow 33.3% year-over-year to $585 million in 2020.