Cybersecurity spending is set to increase up to 10% this year as the broader economy recovers from the ongoing COVID-19 pandemic, according to a new report from Canalys. That increase will push overall global spending on cybersecurity equipment, software, and services to more than $60 billion.

Web and email security platforms will lead growth in the market, with spending forecast to increase up to 12.5% for the year. Canalys noted that this will be driven by “disparate technologies” converging “to secure persistent connections between users and cloud services.”

Vulnerability and security analytics will see spending increase by up to 11%, with a focus on “expanding beyond logging and monitoring to threat intelligence, behavior analysis and automated response.” Spending on endpoint security and identity access management, which is central to the growing zero-trust security market, is forecast to grow 10.4%, respectively.

The broader network security and data security markets will see an 8% and 6.6% increase in spending, respectively, this year, with the former remaining the largest market segment overall.

Canalys: Difficult 2020 for Cybersecurity

The forecast comes on the heels of a record $54.1 billion spent on the cybersecurity space in 2020, which unfortunately also witnessed some of the largest security breaches to date. This included detection of the long-running SolarWinds hack and

Canalys noted that more than 12 billion records were breached last year, while the number of ransomware attacks surged 60%. The research firm cited “misconfigurations of cloud-based databases and phishing campaigns targeting the vulnerabilities of unsecured and poorly trained remote workers” as “key factors” in those attacks.

It also found increased pressure on health care and education systems that were already straining to deal with the global pandemic, and expects those sectors to remain under attack in 2021.

“Growth in add-on subscriptions providing new features, products to secure the cloud and delivered from the cloud, and upgrades to existing solutions will be key drivers for expansion,” explained Matthew Ball, chief analyst at Canalys, in a statement on the report. “The need for organizations to adopt multi-layered and holistic approaches, combining employee awareness training, data protection and backup, threat and vulnerability detection, and response will remain critical.”