The cybersecurity startup market has been hot. On fire is probably more accurate. The graph above shows how investment has been ramping up over the last seven years.
Spending on cybersecurity in 2015 exceeded $75 billion according to Gartner. The market is over $100 billion (according to Market and Markets) and will grow to $170 billion (USD) by 2020, at a Compound Annual Growth Rate (CAGR) of 9.8 percent from 2015 to 2020. The cybersecurity insurance market is expecting significant growth and should reach $7.5 billion in annual sales by 2020, up from $2.5 billion this year.
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