Scale Venture Partners: Security application shopping for trends in 2021

Nearly two-thirds (63%) of safety leaders responded to the events of 2020 — a year bookended by the pandemic and the SolarWinds cyberattack — by growing budgets to fortify their organizations against safety threats, with 45% of these practically doubling commit. This information points to a bigger theme of Scale Venture Partners’ sixth annual Cybersecurity Perspectives report, a survey of 300 US-based enterprise safety selection-makers accomplished in March: Security departments have more sources and visibility inside their organizations than ever prior to.

This is fantastic news for cybersecurity startups, which attracted a record $7.8 billion investment in 2020. Security’s expanding influence and shopping for energy coincides with information displaying enterprises are needing to construct various safety tools in various locations. Half (51%) of respondents constructed in-home tools in the previous year for the reason that they couldn’t obtain what they required in the market place. Network safety (35%), operation technologies (28%), information privacy (25%) and safety automation technologies (23%) topped the list of homegrown options.

When this information is viewed against safety investment priorities for 2021, it is clear that locations like next-gen information privacy and automation technologies deserve a closer look by startups.

Data privacy remains prime of thoughts for safety leaders as shown by its speedy ascent up the list of investment priorities from fifth in 2020 to second this year. While GDPR and CCPA have been in spot for a although, enforcement has lagged, providing the sector time to recognize compliance needs and offered options.

Security automation technologies shows guarantee. While its climb up the list of investment priorities has been gradual, the expanding challenge of “tool sprawl” — the speedy proliferation of safety point options, platforms, and services deployed inside the enterprise — and the headcount required to operate this expanding arsenal points to the need to have for a more integrated, automated future for safety.

Read the complete Cybersecurity Perspectives from Scale Venture Partners.