Gartner forecasts global security and risk management spending to exceed $150bn in 2021, up 12.4%, which is almost double 2020's growth figures.
The research house attributes the strong growth rate to demand for remote worker technologies and cloud security.
“Organisations continue to grapple with the security and regulatory demands of public cloud and software as a service,” said Lawrence Pingree, Managing Research VP.
“Looking ahead, we’re seeing early market signals of growing automation and further adoption of machine learning technologies in support of AI security.
"To combat attacks, organisations will extend and standardise threat detection and response activities.”