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Gartner Forecasts Global Security and Risk Management Spending to Grow 14% in 2024

04
Oct
2023
Gartner Forecasts Global Security and Risk Management Spending to Grow 14% in 2024

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Worldwide end-user spending on security and risk management is projected to total $215 billion in 2024, an increase of 14.3% from 2023, according to new forecast from Gartner, Inc. In 2023, global security and risk management end-user spending is estimated to reach $188.1 billion.

“The continuous adoption of cloud, continuous hybrid workforce, rapid emergence and use of generative AI (GenAI), and the evolving regulatory environment are forcing security and risk management (SRM) leaders to enhance their security and risk management spending,” said Shailendra Upadhyay, Senior Research Principal at Gartner.

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