Cybersecurity Industry Secular Growth

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Annual cybersecurity spending

The Motley Fool

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1 Cybersecurity Stock You Can Buy and Hold for the Next Decade

Summary

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80% Informative

Cloudflare offers cloud-based security solutions to customers to help them connect securely to the internet.

Global cybersecurity spending jumped from $34 billion in 2017 to $79 billion last year .

The Insight Partners estimates the cybersecurity market could clock annual growth of 16% through the end of the decade .

The trend is likely to continue beyond 2030 thanks to emerging technology trends such as artificial intelligence, connected cars, and factory automation.

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Stock Advisor returns as of August 22, 2024 1 Cybersecurity Stock You Can Buy and Hold for the Next Decade was originally published by The Motley Fool .

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informal

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