Opportunities in the Cybersecurity Industry Amid Rising Spending Predictions

Reported 7 months ago

Research by McKinsey projects a $213 billion expenditure by corporates on cybersecurity software in 2024, but the estimated cybercrime damage of $9.5 trillion calls for a $2 trillion annual investment, highlighting a $1.8 trillion gap. CrowdStrike, a key player, is outperforming and positioning to lead, yet to bridge the gap, investing in SentinelOne and Tenable is advisable. SentinelOne offers efficient AI-based cybersecurity solutions with impressive revenue growth, while Tenable excels in vulnerability management and cost optimization for potential long-term profitability.

Source: YAHOO

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