What: Security startups are seeing a significant boom as cybersecurity risks increase. The global sale of technologies to secure the software development cycle is expected to increase to $9.2 billion in 2026, more than double the $3.7 billion in sales last year, said Katie Norton, a senior research analyst with IDC Corp.
Why it matters: The demand for better cybersecurity is a trend we’ve been watching in recent years, and we expect the demand to continue to increase for at least the next 5 years. Cyber is a massive market with considerable growth potential. The next curveball coming for the market is Artificial Intelligence, which will be deployed both for cyber attacks and defense.
Read: Hackers Targeting Tech Supply Chains Spur Security Startup Boom