Investments in information security: facts and forecasts

At the end of 2019 companies will spend almost $107 billion on data protection, which is 10.7% more than last year’s figures. Such a forecast was made by IDC experts in the agency’s report on global investments in information security.


What are the companies going to do with the information security budget?

Most of the money will be spent on such services:

– managing cybersecurity processes;

– integration services;

– consulting services;

– information technology training and education.

These costs will increase by more than 11% annually over the next five years.


Software investments are in second place in terms of costs. This is almost $38 billion. The third place is occupied by equipment costs, which this year will be more than $21 billion. Most of this money will be spent on products that ensure the security of the network infrastructure.


Countries and industries

The first place in terms of costs of Information Security systems is occupied by the USA with $46.2 billion, followed by China, Great Britain, and Germany. Small and medium business costs in IDC are estimated at $27 billion. Private consumers will spend about $5.8 billion on security products and services.


Banks, manufacturing enterprises and government organizations, as well as last year, spend the most money on cybersecurity. These industries produce up to 30% of global investment in the InfoSec. More than 35% of the budget is allocated to information security management and integration services.


As for state organizations, they have the fastest-growing costs of data protection. According to IDC forecasts, the budget for information security will increase by 12.5% annually. The telecommunications industry (annual growth – 11.9%) and extractive industries (11%) are in the top three leaders in this category.


The budget of the InfoSec will grow by 9.4% annually in the next five years. By 2023, global spending on security will reach $151.2 billion per year.


Companies from 43 countries working in 20 economic spheres took part in the survey.

Related Posts


Vacation With Cyberconsequences

RevengeHotels is a cybercrime malware campaign which a group of hackers against hotels, hostels, hospitality and tourism companies. According to Kaspersky Lab, more than 20 hotels in Brazil, Argentina, Bolivia, Chile, Costa Rica, France, Italy, Mexico, Portugal, Spain, Thailand, and Turkey had already been targeted by cybercriminals. Guests’ credit card data was collected not only […]


Another Case of Healthcare Hacking

Another case of healthcare hacking place on November 15. The French hospital (Hôpital Charles-Nicolle de Rouen) was the victim of an attack using ransomware. Cybercriminals’ actions affected all five of the hospital’s facilities, which is about 6,000 computers. Staff had to shut down the systems and work manually to prevent further spread. In order to […]


What Do Your Devices Know about You?

Passwords Web browser autofill Stored in the file system Deleted files All deleted files, including ones no longer in recycle bin or trash, can be recovered until physical storage space overwritten Bank Account Info Downloaded bank statements Recent Files List kept by operating system Various applications keep their own recent file lists Contacts Address book […]

Leave a Reply

Your email address will not be published. Required fields are marked *