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IT Security Guidance and SharePoint > Blog > Posts > Global Spending on Security Awareness Training Predicted to Reach $10 Billion by 2027
February 21
Global Spending on Security Awareness Training Predicted to Reach $10 Billion by 2027
by  System Account  on 2/21/2017 7:06 PM
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​KnowBe4, provider of the most popular platform for security awareness training and simulated phishing, along with Cybersecurity Ventures, a leading research and marketing intelligence firm focused on the cybersecurity industry, have released a joint market report examining the state of spending in the overall security awareness training market.

According to Steve Morgan, founder and editor-in-chief at Cybersecurity Ventures, security awareness training will become a multi-billion dollar industry in 2017. Additionally, he further projects that by 2021 Fortune 500 and Global 2000 corporations will consider security awareness training as ‘fundamental’ to their cyber-defense strategies, with small businesses following shortly thereafter. “Security awareness training for employees is the most under spent sector of the cybersecurity industry,” says Morgan.

 

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