Gartner has forecasted that worldwide end-user spending on IT security is projected to increase 15.1% – total $212 billion – by 2025.
With this, generative AI will trigger a spike in the cybersecurity resources required to secure it. This will lead to an expected 15% increase on security software spending.
“The continued heightened threat environment, cloud movement and talent crunch are pushing security to the top of the priorities list and pressing chief information security officers (CISOs) to increase their organisation’s security spend,” said Shailendra Upadhyay, senior research principal at Gartner.
In the new age of artificial intelligence, cybersecurity attackers have been increasingly employing tools with LLMs to carry out their large-scale attacks. Even so to the point where Gartner predicts that by 2027, 17% of total cyberattacks/data leaks will involve generative AI.
As organisations continue to move to the cloud, Gartner analysts expect an increase in cloud security solutions, and the market share of cloud-native solutions will grow. The combined cloud access security brokers (CASB) and cloud workload protection platforms (CWPP) market is estimated to reach $8.7 billion in 2025, up from forecasted $6.7 billion in 2024.
The global skills shortage in the cybersecurity industry is a major factor driving investment in the security services market (security consulting services, security professional services and managed security services) which is expected to grow faster than the other security segments.
“Organisations are currently assessing their endpoint protection platform (EPP) and endpoint detection and response (EDR) needs and making adjustments to boost their operational resilience and incident response following the CrowdStrike outage.” concludes Upadhyay.