Modest growth persists in security budgets, yet staff recruitment experiences a significant decrease, according to recent research findings.
In a rapidly evolving digital landscape, the need for robust cybersecurity measures has never been more crucial. According to a recent report by Gartner, global cybersecurity spending is projected to exceed $212 billion in 2025, marking a 15% increase from previous years. This growth underscores the growing emphasis on strong security measures as businesses increasingly rely on digital technology.
The forecasted growth rate is largely incremental, as stated by Nick Kakolowski, senior research director at IANS. This suggests that companies may be struggling to provide leaders with enough tools and expertise to deliver better protection from outside threats. The report highlights that the increasing reliance on digital technology necessitates a corresponding emphasis on strong security measures.
Gartner's estimate of worldwide IT spending for 2025 is $5.43 trillion, marking a 7.9% increase from 2024. This figure includes all IT spending, but it underscores the growth in technology investments, which indirectly supports cybersecurity spending through increased infrastructure and AI adoption.
The report from IANS Research and Artico Search reveals that security budgets as a percentage of IT spending is up to 13.2% in 2024, compared to 8.6% in 2020. This indicates a growing recognition of the importance of cybersecurity within overall IT spending.
However, the report suggests that companies are facing competing priorities, as they strive to protect their organizations from malicious attacks while managing overall expenses due to economic concerns. This is reflected in the slowing hiring for security roles, with a 12% growth in 2024, a significant drop off from the 31% growth in 2022 and 16% increase in 2023.
The survey of 750 CISOs, with 681 responding to budget questions, was conducted by IANS Research and Artico Search. The findings of the survey provide a general overview of the cybersecurity and IT spending landscape for 2025.
In conclusion, the projected increase in cybersecurity spending for 2025 underscores the importance of strong security measures in today's digital world. As more corporate functions depend on digital technology, the need for strong security is directly tied to business growth strategies. Companies must balance the need for robust security with managing overall expenses, particularly in an uncertain economic climate.
Infosec and cybersecurity spending are projected to exceed $212 billion in 2025, as businesses increasingly rely on digital technology, (infosec, cybersecurity) a growing emphasis on strong security measures is becoming more crucial. The findings of the survey conducted by IANS Research and Artico Search suggest that companies are facing competing priorities, as they strive to protect their organizations from malicious attacks, while managing overall expenses, (cybersecurity) a slowing hiring for security roles reflects this challenge.
