A Shift to Cyber Resiliency from Cyber Security Technology
The cybersecurity market in the U.S., witnessed exceptional growth in spending against the backdrop of a multitude of reasons threatening to impact businesses and economy. The U.S. market is reflective of global trends; U.S. is recognized for its high maturity in IT and security adoption and as the hub for centralized business decision making for several enterprises. The post-COVID-19 phase witnessed an unprecedent acceleration in digital transformation investments, uptake of remote and hybrid work models, incidents of sophisticated attacks and data leaks across enterprises of all sizes, and the (ongoing) Ukraine-Russia conflict. These reasons, combined with the surge in insider threats, lack of cybersecurity awareness with misguided perceptions and false sense of complete protection, have created further complexities, necessitating innovative, real-time and advanced security capabilities.