Gartner forecasts spending on cloud security to grow 24% in 2024, making it the highest growth of all segments in the global security and risk management market
This increased investment is necessary as the continued shift to cloud unlocks new and more attack opportunities. In fact, Gartner predicts that by 2027, investigations involving cloud/third-party infrastructure will rise from an unstructured activity to more than two-thirds of reported incidents.
In a Q & A session with Lawrence Pingree, VP Analyst at Gartner, at the Gartner Security & Risk Management Summit that took place last week, he shared his thoughts about emerging cloud security technologies - and why chief information security officers (CISOs) should be preparing for this shift in security management.
Solution providers in particular will want to read on, since Gartner’s research forecasts that over 70 percent of enterprise end users will be utilizing industry cloud platforms by 2027.
Q: Why are we seeing such a jump in cloud security spending?
A: Gartner predicts that by 2027, more than 70% of enterprises will use industry cloud platforms to accelerate their business initiatives, up from less than 15% in 2023. With this increased use of cloud, organizations must invest more in technology to protect their data, applications, and infrastructure services.
Cloud security technologies are involved in a myriad of public and/or private functionalities that include authentication, authorization, encryption, workload security and access controls. The security around cloud technologies also address compliance and regulatory requirements for threat detection, risk management, auditing, monitoring and the long-term logging, artifact storage and analysis of activities for security use cases.
CISOs must look to emerging technologies in cloud security to align with the rest of the enterprise. This includes being focused on addressing the advancement of more sophisticated threat resilience, data integrity, data security and runtime isolation.
By investing and adopting new technology strategies and staying abreast of the latest emerging trends in cloud security, CISOs can safeguard their data and applications against evolving threats, ensuring the long-term security of their cloud infrastructure.
To access the full Q & A interview visit here.
