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 Divergent IT
Divergent IT is a tech service operational consulting & strategy firm. Divergent IT partners with CIOs, business owners, and Non-Profits to develop strategy and implementation across their business including: cybersecurity, remote maintenance management (RMM), IT strategy, on-site maintenance and more.
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