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 Advacap Technologies
Advacap Technologies is an industry leader in cutting-edge IT and security services. We specialize in Cyber Security, Managed IT Services, Program Management, Medical Logistics Support, and Data Analytics. Our advanced techniques including AI and machine learning anticipate and halt threats before they occur while our patented API technology neutralizes potential attacks promptly. Based in Texas with a presence in major locations, we ensure seamless delivery of services and proactive defense, promising a fortified security network for our clients.
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