The growth of cloud infrastructure is driving innovation in cybersecurity, as cloud’s dominance in the enterprise creates new security challenges. It is estimated that by 2023, 70% of all enterprise workloads will be deployed in cloud infrastructure, and the demand for securing cloud infrastructure and tech stacks is growing rapidly.
The market for public cloud security services is expected to grow from $19.4 billion in 2022 to $48.9 billion in 2026, with a compound annual growth rate (CAGR) of 20.3%. Cloud security is becoming increasingly important as the number of attack surfaces increases, due to new SaaS applications, hybrid cloud configurations, and the lack of identity access management support across different cloud platforms.
CISOs and CIOs are working together to build business cases for their most challenging cloud security initiatives, such as zero-trust and multicloud security. Companies like CrowdStrike are using AI and machine learning to quickly innovate and keep up with enterprises’ needs. Its cloud-based architecture provides greater user experience and integration flexibility, allowing users to integrate with existing on-premise systems easily.
The future of CISOs and CIOs’ careers will depend on their ability to implement cybersecurity effectively and efficiently, as the number of attack surfaces continues to grow due to the fast-growing IoT networks and the need to protect supply chain touchpoints. Protecting all forms of identities is becoming increasingly critical, as the gap between operational technology (OT) and IT systems continues to widen.
