Cyber investments on pace to reach $215B in 2024: Gartner
The firm expects security services, the industry's largest segment, to account for 42% of all spending and rise 11% to $90 billion next year.
What is the projected spending on cybersecurity in 2024?
Global spending on cybersecurity is projected to reach $215 billion in 2024, marking a 14% increase from 2023.
Which segment will dominate cybersecurity spending?
Security services will dominate cybersecurity spending, accounting for 42% of the total, with an expected rise to $90 billion in 2024.
How has cybersecurity budget allocation changed recently?
Organizations allocated 8% of their technology budgets to cybersecurity in 2023, up from 5% in 2019, reflecting a growing focus on addressing cyber risks.
Cyber investments on pace to reach $215B in 2024: Gartner
published by Survis Consulting, LLC
Survis Consulting, LLC is a growth-empowering IT company with eight years of industry expertise in providing advanced IT solutions. Alongside IT consulting, our prominent services include seamless migrations, cloud services, and cybersecurity. We offer unparalleled, secure, and reliable IT infrastructure, focusing on tailoring solutions to the unique goals and needs of each business. We effectively manage technological challenges, allowing businesses to concentrate on their core strengths.
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