A major cyberattack affecting U.S. government agencies and private companies, compromised through SolarWinds software beginning in March 2020, will drive demand for incident response and remediation services and accelerate adoption of zero-trust security architectures.
PwC found 96% of executives have modified their cybersecurity approach due to COVID-19, with expectations for 20% spending increases in 2021. A key challenge emerges from cloud environments presenting different security requirements than traditional data centers — static, on-premises solutions prove inadequate against dynamic cloud threats.
Currently, only 30% of workloads utilize cloud technology, projected to reach 55% by 2022. This expansion drives investment in specialized vendors focusing on threat detection, zero-trust systems, data protection, and identity management.
The rise of Kubernetes and container security reflects infrastructure growth, evidenced by major acquisitions like Palo Alto Networks’ purchases of multiple security firms consolidated into Prisma Cloud.
The outlook suggests significant growth opportunities for vendors offering effective, easily-implemented solutions protecting hybrid cloud deployments.