Global spending on cybersecurity products and services will see a strong 14.4% CAGR from 2024 through 2029 and will hit $302.5 billion in 2029, driven by continued concerns around cyberattacks across all verticals and geographies. But where is the spending occuring and how do you prepare?
Merritt Maxim, VP & Research Director at Forrester, joins Business Security Weekly to discuss the Global Cybersecurity Market Forecast, 2024 To 2029 report. Merritt will discuss the findings, including:
- In 2029, 69% of cybersecurity spending will be on software across seven prime functional disciplines of cybersecurity (applications, cloud, data, endpoint, network, identity, and security operations);
- the remaining spending will be allocated to security services, excluding security outsourcing, implementation, and deployment services; and
- AI software spending will grow at a CAGR of 21.2%, from $74.3 billion in 2024 to $194.3 billion by 2029.
See Merritt's blog of the results at https://www.forrester.com/blogs/global-cybersecurity-spending-to-exceed-300b-by-2029/.
In the leadership and communications segment, The problem with cybersecurity is not just hackers – it’s how we measure risk, What California’s new AI law means for CIOs (and CISOs), The Language of Leadership: How to Set Firm Boundaries Without Sounding Like a Jerk, and more!
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Show Notes: https://securityweekly.com/bsw-416
