Global Cybersecurity Outlook 2022. According to PwCs Global Digital Trust Insights for 2022 report, 69% of respondents expect cybersecurity-related spending to increase. PwC's 2022 Global Digital Trust Insights shows that more organizations (66%) are expecting cyber budget growth compared to previous years. The global cybersecurity software, services, and systems market is predicted to grow from $240.27 billion in 2022 to $345.38 billion by 2026, attaining a 9.5% CAGR, according Gartner, a tech research and advisory firm, estimated that spending on information security will total $172 billion in 2022. 13,14 That cost is one the ever-increasing interest from the rest of the executive team and the board in According to a survey by ABI Research, global cybersecurity expenditure on industrial critical infrastructure like energy and transportation, including water and waste management, is anticipated to reach $23 billion by the end of the year. According to the report: In 2022, enterprises are expected to spend a significantly greater portion of IT budgets on security appliances. Organizations will spend a collective $188.3 billion on information security and risk management products and services in 2023, according to Gartner. 1. Purpose: The report gives insights on near-term future cybersecurity challenges and develops actionable solutions to address them. In 2021, 82% of companies increased their cybersecurity budget. Gartner predicts organizations will spend nearly The report also highlights measures that need to be taken to enhance cyber resilience within organisations and the wider ecosystem. The global healthcare cyber security market size was valued at USD 12.6 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 18.3% from 2022 to 2030. Worldwide IT spending is projected to total $4.4 trillion in 2022, an increase of 4% from 2021, according to the latest forecast by Gartner, Inc. This year is proving to be one of the noisiest years on record for CIOs, said John-David Lovelock, distinguished research vice president at Gartner. Feb 16, 2022. Global cyberattacks are expected to intensify this year as digital breaches continue to mount. Recovering from a ransomware attack cost businesses $1.85 million on average in 2021. 26% expect related spending 15 And, moving forward, 69% of companies expect to increase their budgets in 2022. Cybersecurity is one of the fastest-growing fields in technology, with global spending increasing by 12% - 15% year-over-year. The first Global Cybersecurity Outlook flagship report identifies the trends and analyzes the near-term future In a pool of 1900+ CISOs, security leaders, and IT professionals, 65% agreed that their cybersecurity awareness training programs need expansion. According to PwCs 2022 Global Digital Trust Insights report, investments continue to pour into cybersecurity with 69 per cent of responding organisations predicting a rise in their cyber spending for 2022. Share to Linkedin. Global cyberattacks are expected to intensify this year as digital breaches continue to mount. The imperative to protect increasingly digitized businesses, Internet of Things (IoT) devices, and consumers from cybercrime will propel global spending on cybersecurity products Large enterprises typically spend $25 million on cybersecurity annually, while a single ransomware breach costs companies $4.62 million on average. Worldwide Cybersecurity Spending To Reach $23bn In 2022. The most popular training topics? The report includes global and regional cybersecurity forecasts for the period 2022 to 2027 by product and solution, managed services, professional services, security type, In fact, enterprises with their bigger attack surfaces are more likely to increase IT spending due to security concerns overall.. Given that 58% of organizations will have moved their application portfolios to a public cloud in the next two years, it says, security teams, while spending a notable amount on Cyberattacks were prevalent and costly in 2021, a trend likely to continue into 2022. Cloud security is forecast to be the strongest category for growth in 2023, following a similar market-leading pace of growth in 2022. Key Findings: The accelerating pace of The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. Global X reveals which areas of the investment theme investors should watch out for. Worldwide cybercrime costs will hit $10.5 trillion 2. This report examines, analyzes, and predicts the evolution of cybersecurity technologies, markets, and outlays (expenditures) over the next 8 years (2022-2030) in the cybersecurity industry. According to a study by Juniper Research, global spending on cybersecurity is expected to reach $170 billion by 2022, up from $107 billion in 2018. In 2021, experts predicted a 12% bump in global cybersecurity spending to around $150 billion. Report Overview. Share to Linkedin. 2022 Cybersecurity Almanac: 100 Facts, Figures, Predictions & Statistics; Cybercrime Costs $10.5 Trillion Annually by 2025, Up from $6 Trillion in 2021; Ransomware Hits Download PDF. Increased cyberattacks should drive continued cybersecurity sales growth. By 2025, the Q: How is your cyber budget changing in 2022 (% of respondents) Source: PwC, "2022 Global Digital Trust Insights," 2022. The market analyst claimed that increased geopolitical uncertainty, combined with the COVID-19 pandemic, has created an uneven playing field in favor of threat actors. Cybersecurity Ventures estimates that an increase in cybercrime and the need for digitized businesses and consumers to guard against such crimes will drive up In 2019, spending in the cybersecurity industry reached around 40.8 billion U.S. dollars, with forecasts suggesting that the market will eclipse 60 billion U.S. dollars by 2021 By 2027, spending is projected to increase by a compound annual growth rate of 10% to hit $36.67 billion. (Statista) Cybersecurity cost predictions. Did you see the latest insights from our 2022 Global Cybersecurity Awareness Training Study? Cybersecurity is one of the fastest-growing fields in technology, with global spending increasing by 12% - 15% year-over-year. Worldwide cybersecurity spending is set to grow by nearly 58% over the next few years to reach $198bn by 2025, according to GlobalData. The global cybersecurity market grew from $181.12 billion in 2021 to $201.33 billion in 2022 at a compound annual growth rate (CAGR) of 11.2%. The global cyber security market was valued at USD 139.77 billion in 2021. Of these companies, over a third project double-digit cyber spending growth. Among the top cybersecurity areas targeted for increased spending are cloud security, data security, network security, and endpoint security. Check Point Softwares 2022 Security Report: Global Cyber Pandemics Magnitude Revealed Cyber Attack Trends: 2022 Security Report uncovers the key cybersecurity trends from 2021, including a supply chain attack frenzy and increased disruption to everyday life. IT spending is accelerating in 2022, and cybersecurity initiatives are leading the charge as enterprises race to digitally transform and satisfy heightened customer expectations while simultaneously securing hybrid workforces. When it comes to risks, Kamluk also revealed in his presentation that Kaspersky from July 2021 to August 2022 alone, the global cybersecurity company has detected and Most of this spending will Out of There is also a talent gap in this Education and Research revealed as the most targeted sector. 69% of respondents anticipated more cybersecurity spending in 2022. Global Cybersecurity Outlook 2022: Released by World Economic Forum. According to a survey by ABI Research, global cybersecurity expenditure on industrial critical infrastructure like energy and In 2022, experts predict that spending will either hold steady or rise. 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