The rise of remote work has produced a change in security spending patterns that will continue in 2021, according to Anthony Di Bello, vice president of strategic development at OpenText.
“The pandemic has accelerated the shift to cloud, and existing budgets are shifting focus to securing cloud environments and identification and control of sensitive data across what are now highly distributed work-from-home environments,” he says.
Though businesses will spend differently next year though, Di Bello continues, they won’t necessarily spend more, despite the treacherous threat landscape.
“Based on our own experiences, we believe that budgets will remain flat moving from fiscal 2020 to 2021 and return to growth in the 2022 fiscal year,” he says. “Organizations are working to manage the risk to their bottom lines as traditional buying patterns are disrupted and there is uncertainty in the market.”
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