Only 16 Categories for the Entire Cybsersecurity Industry?
stiennon.substack.com
With a little effort it is possible to shoehorn 2,615 cybersecurity vendors into sixteen categories as I have done above. I have long maintained that the cybersecurity industry is growing at a 24% compound annual growth rate (CAGR). I remember in 2003 at Gartner we pegged the total market at $2 billion, which was a big deal at the time. Then in 2013 Gartner put the industry at $84 billion or so. Yet during that period I do not recall any analyst firm predicting more than 9% growth for a year. Two billion growing to 84 billion in ten years is a 34% CAGR. The big publicly traded security vendors regularly turn in revenue growth numbers of 24-35%.
Only 16 Categories for the Entire Cybsersecurity Industry?
Only 16 Categories for the Entire…
Only 16 Categories for the Entire Cybsersecurity Industry?
With a little effort it is possible to shoehorn 2,615 cybersecurity vendors into sixteen categories as I have done above. I have long maintained that the cybersecurity industry is growing at a 24% compound annual growth rate (CAGR). I remember in 2003 at Gartner we pegged the total market at $2 billion, which was a big deal at the time. Then in 2013 Gartner put the industry at $84 billion or so. Yet during that period I do not recall any analyst firm predicting more than 9% growth for a year. Two billion growing to 84 billion in ten years is a 34% CAGR. The big publicly traded security vendors regularly turn in revenue growth numbers of 24-35%.