As the world continues to grapple with the economic fallout of the COVID-19 pandemic, food and energy shortages, businesses are looking for ways to reduce costs and maximize their return on investment. However, when it comes to cybersecurity, the need for protection against cyber threats, data breaches, and malicious actors is paramount. According to research from Insight Partners, global spending on cybersecurity is expected to reach $170 billion by 2023, a compound annual growth rate of 10.2%.

This growth is being driven by a number of factors, including the increasing sophistication of cyber threats, the rise of digital transformation initiatives, and the need for organizations to comply with increasingly stringent data privacy regulations. In addition, the rapid adoption of cloud-native technologies has created new opportunities for attackers and necessitated the need for more advanced security solutions.

Zero-trust security models, application security, and cloud-native application protection platforms (CNAPP) are expected to be the primary drivers of this growth. According to Gartner, zero-trust security models will become the default security posture for organizations in the next few years, while Forrester Wave reports that application security will become a major priority for organizations. CNAPP solutions, meanwhile, are expected to double in spending by 2023, according to Venture Beat.

The need for more advanced security solutions is driven by the fact that organizations are no longer satisfied with just scanning and monitoring for threats. They are seeking solutions that stop attacks, or at least provide remediation. They want solutions that can actively protect their digital assets from malicious actors. Aqua Security is one of the few players in the CNAPP space that can stop cloud-native attacks with an agent or agentless solution (Lightening Enforcer). According to Security Magazine, Aqua Security’s CNAPP platform provides organizations with the ability to detect, investigate, and remediate cloud-native threats in real time.

In conclusion, while the macroeconomic environment is expected to remain strained in the coming years, spending on cybersecurity solutions is expected to continue to rise, particularly in areas such as zero-trust security models, application security, and CNAPP. Organizations will be looking for solutions that can actively protect their digital assets from malicious actors, and Aqua Security is the only player in the CNAPP space with an integrated platform from Code through Runtime that is guaranteed to stop cloud-native attacks up to $1,000,000.