Saturday, October 19, 2024

AI driving global cyber spending to increase by 15% in 2025

Analysts at Gartner predict that worldwide end-user cyber security spending will increase by just over 15% in 2025, reaching $212bn. This growth is attributed to the mainstream adoption of artificial intelligence, specifically generative AI, leading to increased investment in various security measures.
The use of large language models by threat actors has also contributed to this trend, with Gartner forecasting that 17% of cyber attacks by 2027 will involve GenAI. However, other factors such as the threat environment, cloud migration, and talent shortages are also driving organizations to prioritize security spending.
Gartner expects cloud security spending to continue growing, with cloud-native products and services gaining market share. Additionally, the global skills shortage in the security industry is projected to boost investment in consulting, professional, and managed services.
The security market is divided into security software, security services, and network security. Security software is predicted to see the highest spending increase in 2025, followed by security services and network security. Gartner is urging security leaders in the UK and Europe to attend its upcoming Security and Risk Management Summit for more insights into the industry.