Secure foundation

The ongoing digital migration of enterprise and industry processes offers the potential for increased efficiency and the creation of new products and services, while also exposing corporations to new risks. Indeed, the World Economic Forum estimates the total cost of cybercrime will rise from USD 6 trillion in 2021 to USD 10.5 trillion in 2025. Therefore, as we point out in a new white paper, 5 digital innovations to shape a new era of growth, securing the world’s expanding digital infrastructure is a vital aspect of innovation. IDC forecasts that in 2023, total spending on cybersecurity will grow 12% Y/Y to USD 219 billion and cybersecurity software delivered as a service will grow 19% Y/Y to USD 65 billion. 

Source: IDC, January 2023