AWS, IBM Lead Enterprise Cybersecurity Ranks as Spending to Hit $226 Billion by 2027

The report identified a rising awareness of vulnerabilities, alongside emerging threats.

Claudia Adrien

June 6, 2022

2 Min Read
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It’s an astronomical number, but Juniper Research has determined that enterprise cybersecurity spend will exceed $226 billion in 2027. This is up from $179 billion in 2022. This five-year growth reflects the increasing evolution of the cybersecurity market, which continues to mature as new threats emerge.

The Juniper report identifies a rising awareness of vulnerabilities, alongside emerging threats. These include ransomware and DDoS (distributed denial of service) as key determinants behind the increasing spend.

Competitor Leaderboard

Juniper ranked AWS and IBM, respectively, as leading cybersecurity providers in its competitor leaderboard. They are followed by Cisco, Oracle and Sophos in third, fourth and fifth place, respectively.

Damla Sat is co-author of the research.

“Cloud computing has been transformative for businesses, so it is no surprise that two of the biggest cloud computing vendors, AWS and IBM, also lead in the cybersecurity space,” Sat said. “For cloud vendors, effective cybersecurity is a basic requirement — by offering in‑house cybersecurity solutions, AWS and IBM are capitalizing on their existing large user bases; acquiring businesses and capabilities as needed to enhance their product offerings.”

Juniper Research’s competitor leaderboard provides an independent assessment of the market standing of the leading cybersecurity players. It includes what the firm says is transparent assessment methodology, including heat map analysis and a thorough explanation of each company’s market position. The leaderboard tool assesses each vendor’s capacity, capability and products. This analysis includes assessing the size of their operations, financial performance and the sophistication of their cybersecurity offerings.

The new research found remote working and cloud computing increase attack vectors available to cybercriminals. The report identified machine learning as a key requirement within cybersecurity solutions; improving response times and combatting evolving tactics of cybercriminals. In response, cybersecurity vendors must form strategic partnerships with smaller, specialized cybersecurity vendors to acquire new data sources and point solutions, and offer services, such as unified threat management, in order to maintain relevance in this highly competitive market. 

Want to contact the author directly about this story? Have ideas for a follow-up article? Email Claudia Adrien or connect with her on LinkedIn.

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About the Author(s)

Claudia Adrien

Claudia Adrien is a reporter for Channel Futures where she covers breaking news. Prior to Informa, she wrote about biosecurity and infectious disease for a national publication. She holds a degree in journalism from the University of Florida and resides in Tampa.

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