Alexandra Borgeaud
Research expert covering cybersecurity and tech in Latin America
Cybersecurity - statistics & facts
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In a century in which cybercrimes are rapidly becoming some of the most frequent and harmful crimes, the need to protect digital assets and network devices has become greater, too. As a result, cybersecurity represents the anchor which keeps us safely surfing in a digital world. But how to ensure secure access to information in a world characterized by an ever-increasing number of threats?
Two sides of the same coin
IT security, more commonly known as cybersecurity, refers to the practice of managing access to information, whether that is securing information from unauthorized access or verifying the identity of those who claim to have authority to access information. In the consumer context, IT security may be limited to the use of passwords to control access to computer hardware and antivirus software to protect consumer devices from harmful or malicious intrusions. At the other end of the spectrum, enterprise information security is a complex undertaking, covering computers, servers, routers, telecommunications equipment, relying on software, hardware, and information management policies to secure corporate data.Main market segments: Or having the right money in the right place
In 2024, the information security market was estimated to be worth over 200 billion U.S. dollars. The industry’s emergence and revenue growth has been observed across all segments due to its expanding nature and continuous development of external threats, a trend forecast to continue in the near future. For instance, the enterprise security software market, the largest IT security segment, is expected to increase from just under 80 billion U.S. dollars in 2024 to over 132 billion U.S. dollars in 2028. Security software is designed to ensure protection on laptops or mobile devices and plays an essential role in the global cybersecurity industry. Additionally, organizations continue to improve their IT infrastructure and transfer their data to the cloud. While this allows them to increase their business capacity and reduce their costs, it also leaves them exposed to innumerable risks. As a result, cloud security constituted the most sought-after technical cybersecurity skills within organizations worldwide in 2024.Towards a safer digital world
Analysts have suggested that security trends are being shaped by other emerging tech trends, such as big data or generative artificial intelligence. Unfortunately, despite the increasing awareness concerning the need to upgrade corporate cybersecurity technologies, businesses often still settle for reactive measures. The future will tell if the rapidly evolving threat landscape drives governments, companies, and individuals alike to adopt a more proactive and preventive approach.Alexandra Borgeaud
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Feb 21, 2025
Alexandra Borgeaud
Research expert covering cybersecurity and tech in Latin America
