Focus Cloud & SaaS: Focus Cloud & SaaS Growing Security Budgets Meet Increasing Complexity in Vendor Sprawl

Focus Cloud & SaaS

Growing Security Budgets Meet Increasing Complexity in Vendor Sprawl (17 minutes read)

Security budgets continue to grow with 87% of companies planning to increase cybersecurity expenditure in the upcoming year. Despite this, the number of tools firms are utilizing is also growing, leading to more complexity rather than consolidation. Companies are battling multiple priorities such as managing identity, vulnerability, patching, cloud security, and adopting AI to alleviate the labor burden. With 70% of customers security budgets growing by 5% or more, the industry faces challenges due to the rapid growth in security spending compared to general IT expenditure.

Become a paying subscriber of PRO to get access to this post and other subscriber-only content.

Already a paying subscriber? Sign In.

A subscription gets you:

• • No ads in the daily tech brief
• • Access to Research notes before everyone else