IT Security Spending To Reach Nearly $300 Billion By 2026
HelpNet Security, March 20th, 2023
Worldwide spending on security solutions and services is forecast to be $219 billion in 2023, an increase of 12.1% compared to 2022, according to IDC.
Investments in hardware, software, and services related to cybersecurity are expected to reach nearly $300 billion in 2026, driven by the ongoing threat of cyberattacks, the demands of providing a secure hybrid work environment, and the need to meet data privacy and governance requirements.
'Spend on security products and services will continue to outperform growth in overall IT spending,' said Serena Da Rold, associate research director, IDC Data & Analytics.