According to the source, cloud security was expected to grow by nearly 25 percent from 2023 to 2024, making it the fastest growing segment in the IT security market, largely due to the growing demand for cloud solutions as an increasing number of companies migrate to the cloud. Overall, the source expects the total IT security spending to increase 14.3 percent in 2024 compared to 2023.
IT security spending growth rate worldwide in 2024, by segment
Characteristic
Annual growth rate
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Gartner. (September 28, 2023). IT security spending growth rate worldwide in 2024, by segment [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/797028/worldwide-market-forecasts-security-spending-growth/
Gartner. "IT security spending growth rate worldwide in 2024, by segment." Chart. September 28, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/797028/worldwide-market-forecasts-security-spending-growth/
Gartner. (2023). IT security spending growth rate worldwide in 2024, by segment. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/797028/worldwide-market-forecasts-security-spending-growth/
Gartner. "It Security Spending Growth Rate Worldwide in 2024, by Segment." Statista, Statista Inc., 28 Sep 2023, https://www.statista.com/statistics/797028/worldwide-market-forecasts-security-spending-growth/
Gartner, IT security spending growth rate worldwide in 2024, by segment Statista, https://www.statista.com/statistics/797028/worldwide-market-forecasts-security-spending-growth/ (last visited July 22, 2024)
IT security spending growth rate worldwide in 2024, by segment [Graph], Gartner, September 28, 2023. [Online]. Available: https://www.statista.com/statistics/797028/worldwide-market-forecasts-security-spending-growth/