Cybercrime is a growing problem, costing businesses trillions of dollars every year. The shift to remote work during the pandemic has only made things worse. Despite this, cybersecurity companies are facing a valuation slump.

However, there are bright spots in the industry. Mergers and acquisitions are on the rise, with Broadcom's $61 billion acquisition of VMware being the biggest cybersecurity deal ever. There is also a shift from perimeter defense to zero-trust security, as well as a growing trend of outsourcing cybersecurity needs.

The future of cybersecurity is bright. Gartner predicts that spending on cybersecurity will continue to grow, with application security, cloud security, and data privacy being the fastest-growing segments. Several cybersecurity companies are also planning IPOs.

To learn more about the specific sub-segments Gartner breaks cybersecurity down into and see a chart, download the full PDF.

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