A recent story on CSO highlights the disparity between “information security” (a.k.a. IT security) and “cybersecurity” — namely total spending and market growth. Gartner, the leading IT analyst firm, puts the global “information security” market at $86.4 billion in 2017 and growing by 7 percent to $93 billion in 2018.
The Gartner figures, a subset of “cybersecurity,” do not include large swaths of the cybersecurity market (which are converging with IT) — including IoT security, ICS security, automotive security, medical device security, and others.
Read why Steve Morgan, the founder and CEO at Cybersecurity Ventures, thinks that “fast-expanding market” is the only way to describe cybersecurity for at least the next five years and that anything less than that is a false sense of cybersecurity on CSO.