PUBLISHER: IDC | PRODUCT CODE: 1748022
PUBLISHER: IDC | PRODUCT CODE: 1748022
This IDC Market Note documents the thoughts and opinions on the state of the cybersecurity market in relationship to geopolitical uncertainties. The IDC's Security and Trust Team highlights the impact of geopolitical uncertainties on the cybersecurity market, noting increased costs and supply chain vulnerabilities. Organizations are favoring local vendors amidst fears of economic slowdown. Ransomware activity has surged, affecting sectors like healthcare and government. The United States is moving toward decentralized cybersecurity, raising concerns about SLTT governments' capabilities. Despite geopolitical tensions, cybersecurity spending remains resilient, with AI-driven solutions enhancing operational efficiency and shared financial gains in new deals."Amid geopolitical shifts, cybersecurity spending remains resilient, but the real question is where and at what rate investments will be applied." - Christopher Kissel, research vice president, Security and Trust, IDC