Analysts forecast cybersecurity spending among critical infrastructure organizations to grow from an estimated $129 billion in 2022 to almost $236 billion by 2027.
What is the projected growth of cybersecurity spending in critical infrastructure?
Cybersecurity spending among critical infrastructure organizations is projected to grow from an estimated $129 billion in 2022 to almost $236 billion by 2027, representing an increase of 83%.
Which sectors are leading in cybersecurity spending?
The information and communication technologies, finance, and defense sectors are expected to be the biggest spenders in cybersecurity, collectively accounting for over 60% of all security spending across critical infrastructure this year.
What factors are driving the increase in cybersecurity budgets?
The increase in cybersecurity budgets is driven by government-led initiatives encouraging industries to adopt secure-by-design principles and the need to ensure systems are designed to fail safely and recover quickly, as highlighted by ABI Research.
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