Cybersecurity Market Research. PHOTO: Cybercrime Magazine

2019 Cybersecurity Almanac

100 Facts, Figures, Statistics, and Predictions

Steve Morgan, Editor-in-Chief

Northport, N.Y. –Jan. 8, 2019

Cybersecurity Ventures formulates our own ground-up research — plus we vet, synthesize and repurpose research from the most credible sources (analysts, researchers, associations, vendors, industry experts, media publishers) — to provide our readers with a birds-eye view of cybercrime and the cybersecurity industry.

We are currently compiling the 100 most important cybercrime and cybersecurity facts, figures, statistics, and predictions, for our first annual Cybersecurity Almanac.

1. Cybercrime damages are predicted to cost the world $6 trillion annually by 2021, up from $3 trillion in 2015.

2. Global ransomware damage costs are predicted to hit $11.5 billion by 2019, up from $8 billion in 2018, $5 billion in 2017, $1 billion in 2016, and just $325 million in 2015.

3. Businesses are expected to fall victim to a ransomware attack every 14 seconds by 2019, up from every 40 seconds in 2016.

4. Ransomware attacks on healthcare organizations will quadruple by 2020, and will grow to 5X by 2021.

5. Nearly half of all cyber attacks are committed against small businesses.

6. Global spending on cybersecurity products and services is predicted to exceed $1 trillion cumulatively for the five-year period from 2017-2021.

7. A widely circulated report anticipates 12-15 percent year-over-year cybersecurity market growth through 2021, compared to the 8-10 percent projected over the next five years by several industry analysts.

8. Global spending on security awareness training for employees – one of the fastest growing categories in the cybersecurity industry – is predicted to reach $10 billion by 2027, up from around $1 billion in 2014.

9. Organizations worldwide are expected to invest more than $16 billion into identity and access Management (IAM) products and services annually by 2022.

10. The global healthcare industry will spend more than $65 billion on cybersecurity products and services from 2017 to 2021.

11. There will be 6 billion Internet users by 2022 (75% of the projected world population of 8 billion) — and more than 7.5 billion Internet users by 2030 (90% of the projected world population of 8.5 billion, 6 years of age and older).

12. Cisco confirmed that cloud data center traffic will represent 95 percent of total data center traffic by 2021. Or to put it another way – cloud computing will wipe out data centers altogether over the next 3-4 years.

13. Cybersecurity Ventures predicts that the total amount of data stored in the cloud – which includes public clouds operated by vendors and social media companies (think AWS, Twitter, Facebook, etc.), government owned clouds that are accessible to citizens and businesses, and private clouds owned by mid-to-large-sized corporations – will be 100X greater in 2021 than it is today.

14. Despite promises from biometrics developers of a future with no more passwords — which may in fact come to pass at one point in the far out future —  one report finds that the world will need to cyber protect 300 billion passwords globally by 2020.

15. Gartner forecasts that more than half a billion wearable devices will be sold worldwide in 2021, up from roughly 310 million in 2017. Wearables includes smartwatches, head-mounted displays, body-worn cameras, Bluetooth headsets, and fitness monitors.

16. There will be 3.5 million unfilled cybersecurity jobs by 2021, up from 1 million openings in 2014.

17. The cybersecurity unemployment rate has remained at zero percent since 2016..

18. Smartphones will account for more than 55 percent of total IP traffic in 2025, and Wi-Fi and mobile devices will account for nearly 80 percent of IP traffic by that time — with BYOD (bring-your-own-device) and mobile apps posing a major security threat to enterprises over the next 8 years.

19. Zero-day exploits will rise to one-per-day by 2021, up from one-per-week in 2015.

20. Cybersecurity Ventures predicts that by 2021 more than 70% of all cryptocurrency transactions annually will be for illegal activity, up from current estimates ranging anywhere from 20% (of the 5 major cryptocurrencies) to nearly 50% (of Bitcoin) in 2017.

21. ‘The number of connected devices on the Internet will exceed 50 billion by 2020, this according to Cisco. By 2022, 1 trillion networked sensors will be embedded in the world around us, with up to 45 trillion in 20 years.

22. The number of IoT devices will be three times as high as the global population by 2021

23. There are 111 billion lines of new software code being produced each year — which introduces a massive number of vulnerabilities that can be exploited.

24. Personal health information is 50 times more valuable on the black market than financial information, and stolen patient health records can fetch as much as $60 per record.

25. Around $72 billion of illegal activity per year involves Bitcoin, which is close to the scale of the U.S. and European markets for illegal drugs, according to a study published by the University of Sydney in Australia, ranked as one of the top 100 universities globally.

The anticipated publishing date is Jan. 31, 2019. Stay tuned for this exciting compilation!

In the meantime, you might want to read our 2019 Official Annual Cybercrime Report, which predicts that cybercrime damages will cost the world $6 trillion annually by 2021, up from $3 trillion in 2015.

– Steve Morgan is founder and Editor-in-Chief at Cybersecurity Ventures.

Go here to read all of my blogs and articles covering cybersecurity. Go here to send me story tips, feedback and suggestions.

Send this to a friend