Summary
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. 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. This report forecasts global cybersecurity spending growth by category from 2024 to 2029.
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