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TrackInsight: Cybersecurity sector is booming, what’s in for investors

06/18/2021 | 10:30am EDT

As businesses and organizations devote more time and resources to mitigating cyber threats and risks, the cybersecurity industry is booming.

As businesses and organizations devote more time and resources to mitigating cyber threats and risks, the cybersecurity industry is booming. As an example, the WisdomTree Cybersecurity ETF was among the top 10 European ETFs of last week (7th to 11th June) in terms of performance, with a weekly return of + 7.04%. Furthermore, The International Data Corporation (IDC) estimates that worldwide spending on security-related hardware, software, and services will reach more than $151 billion in 2023 with a compound annual growth rate (CAGR) of 9.4% between 2019 and 2023.

To learn more about investing in cybersecurity strategies, you can register here for the discussion between Nasdaq Index Strategist Ben Jones and L&G ETF Investment Specialist Aude Martin.

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