{"id":8660,"date":"2023-03-17T15:19:15","date_gmt":"2023-03-17T13:19:15","guid":{"rendered":"https:\/\/www.retarus.com\/blog\/en\/double-digit-rise-in-it-security-spending"},"modified":"2024-05-07T11:15:53","modified_gmt":"2024-05-07T09:15:53","slug":"double-digit-rise-in-it-security-spending","status":"publish","type":"post","link":"https:\/\/www.retarus.com\/blog\/en\/double-digit-rise-in-it-security-spending\/","title":{"rendered":"Double-digit rise in IT security spending"},"content":{"rendered":"\n
The global expenditure on IT security services and solutions is anticipated to rise to 219 billion US dollars this year, according to an IDC forecast. This would represent a rise of 12.1 percent over 2022, and similar levels of growth are projected for the years that follow. <\/p>\n\n\n\n
By 2026, the report goes on to say, the worldwide investment in hardware, software and services related to cyber security is expected to increase to almost $300 billion. According to the experts, the key drivers propelling this growth are the ongoing threat posed by cyberattacks and the demands of providing secure, hybrid work environments, in addition to meeting data protection and governance requirements. <\/p>\n\n\n\n
“Spend on security products and services will continue to outperform growth in overall IT spending,” forecasts Serena Da Rold, Associate Research Director at IDC Data & Analytics. More mature sectors and larger organizations will face above-average costs as they continue to invest in cutting-edge security solutions to stave off ransomware attacks on their distributed workforces and safeguard critical infrastructure, which increasingly needs to be connected to the IT network. <\/p>\n\n\n\n