Funding for non-US-headquartered cybersecurity companies will increase by 20% in 2021, according to Forrester's 2021 cybersecurity predictions. The following predictions provide insights into how cybersecurity will evolve in 2021:55% of enterprise executives plan to increase their cybersecurity budgets in 2021 and 51% are adding full-time cyber staff in 2021. Next-generation Identity and Access Management, messaging security and network security are the three hot spots of enterprise cybersecurity spending in 2021. In the next 12 months, cybersecurity spending will grow the fastest in large-scale enterprises competing in four key industries. McKinsey predicts cybersecurity spending will bounce back faster in enterprises compared to small and medium-sized enterprises (SMEs).

Source: Forbes December 15, 2020 12:56 UTC