JPX Global Inc (JPEX)

[John Kent]

This is a huge industry with everything going to the cloud even the pentagon awarded the huge contract to Microsoft and Amazon for cloud transformation so cyber security is massive.

Looks like company going into JPEX has solid partnership with big tech companies so at least we know this is a business that is operating with huge growth potential

Read below on this sector huge potential

Gartner Forecasts Worldwide Security and Risk Management Spending to Exceed $150 Billion in 2021
Worldwide spending on information security and risk management technology and services is forecast to grow 12.4% to reach $150.4 billion in 2021, according to the latest forecast from Gartner, Inc. Security and risk management spending grew 6.4% in 2020.

Gartner analysts said the strong growth rate reflects continuing demand for remote worker technologies and cloud security.

“Organizations continue to grapple with the security and regulatory demands of public cloud and software as a service,” said Lawrence Pingree, managing research vice president at Gartner. “Looking ahead, we’re seeing early market signals of growing automation and further adoption of machine learning technologies in support of AI security. To combat attacks, organizations will extend and standardize threat detection and response activities.”

In the Gartner 2021 CIO Agenda Survey, cybersecurity was the top priority for new spending, with 61% of the more than 2,000 CIOs surveyed increasing investment in cyber/information security this year.

Security services including consulting, hardware support, implementation and outsourced services represent the largest category of spending in 2021, at almost $72.5 billion worldwide (see Table 1).

https://www.gartner.com/en/newsroom/press-releases/2021-05-17-gartner-forecasts-worldwide-security-and-risk-managem