Data Snapshot

Security Budgets Continue To Grow In 2023 Despite Macroeconomic Conditions

Cybersecurity And Risk Remain Investment Priorities

July 28th, 2023
Jeff Pollard, VP, Principal Analyst
Jeff Pollard VP, Principal Analyst
With contributors:
Joseph Blankenship , Kaylee Mahoney , Michael Belden

Despite the much anticipated but slow-to-arrive recession, security and risk decision-makers continue to increase spending on cybersecurity-related initiatives as we hit the midpoint of 2023. According to Forrester’s Budget Planning Survey, 2023, 83% of global technology decision-makers expect their enterprises to increase spending in information and IT security and risk over the next 12 months. Most respondents expected this budget to increase between 1% and 10%. Cloud security, application security, and threat intelligence were among the domains where technology decision-makers who work in information or IT security at enterprises most frequently expected spending to increase.

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