Cybersecurity Spending will continue to increase in the coming year amid heightened concerns about the threat of AI, according to a new study from Gartner.
According to a study by the consulting firm, global end-user spending on information security is expected to reach $183.9 billion by 2024, an increase of 15.1% to $212 billion by 2025.
According to Gartner, a key driver of this spending growth is the continued adoption of generative technology. AI Tools which are driving investment in security software markets.
Efforts in application security, data security and infrastructure protection are fueling this investment frenzy, the study notes, triggering a further increase in spending next year.
There has already been an increase in the use of large language models (LLM) and associated tools to perform large-scale operations social engineering attacks, Gartner said, and the consultancy predicts that 17% of cyberattacks or data breaches will involve Generative AI by 2027.
Meanwhile, as organizations continue to migrate to the cloud, Gartner said it expects cloud security solutions to increase, with the market for cloud-native solutions also set to grow.
The combined market for cloud access security brokers (CASBs) and cloud workload protection platforms (CWPPs) is expected to reach $8.7 billion in 2025, up from $6.7 billion in 2024.
“The increasingly intense threat environment, the move to the cloud and the talent shortage are pushing security to the top of the priority list and driving CISOs to increase their organizations’ security spending,” said Shailendra Upadhyay, senior research director at Gartner.
“Additionally, organizations are currently assessing their endpoint protection platform and endpoint detection and response needs and making adjustments to strengthen their operational resilience and incident response following the CrowdStrike outage.”
Cybersecurity spending is increasing across the board
Investment in the security services market – covering security consulting services, professional security services and managed security services – is expected to grow faster than other security segments. According to Gartner, this is largely due to global growth Skills shortage in the cybersecurity sector.
Gartner’s research follows on from previous analyses of cybersecurity spending published earlier this year. An IDC study showed that the threat posed by AI is expected to drive a 12.3% increase in security spending across the continent.
“The increasingly sophisticated tools available to cybercriminals—now including generative AI—are transforming security from a technical requirement into a key strategic factor for companies across all industries that want to remain competitive in the marketplace,” said Stefano Perini, research manager for European Data and Analytics at IDC.
Perini noted that spending is increasing in a number of key industry sectors, such as banking, defense, telecommunications and government, all of which are sectors where cyberattacks can have “disastrous consequences on business operations and the reputation of the organization.”
