NEW YORK (The Street) -- Cybersecurity spending topped $71 billion worldwide last year, according to research firm Gartner, with an 8.2% uptick predicted for 2015 to a total market size of $76.9 billion. FBR Capital Markets predicts a global 20% increase in spending this year and Markets and Markets, a global market research firm, said that number could more than double to more than $155 billion by 2019.
This is a unique opportunity for investors. "Think mobile and IoT [Internet of Things] security," said Steve Morgan, CEO of Cybersecurity Ventures.
But this space has not always been an easy one to analyze and penetrate for investors. That is also changing.
According to Pure Funds, creator of the world's first cybersecurity ETF, PureFunds ISE Cyber Security ETF (HACK), there are three reasons why investors should consider investing in this space now. First, threats are up year-over-year since 2009 at a compound annual growth rate of 66%. Second, cybersecurity incidents may create short-term price appreciation for cybersecurity companies. Third, diversification in this space is highly recommended for tech portfolios. Barely eight months old, the "Hack" ETF has a year-to-date return of 20.5%.^SPX data by YCharts
Part of this explosion is being driven by the mobile web, according to Morgan of Cybersecurity Ventures, which also recently released its Cybersecurity 500 list of the world's top performing companies in the space.