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Global spending on information security was expected to grow between 2024 and 2026 and reach * billion U.S. dollars at the end of the forecast period. Most spending has concentrated in security software, which was expected to reach * billion U.S. dollars in 2026.

Continued growth in global information security market

The information security technology market is forecast to grow in the next few years. By 2030, the worldwide spending on information security is expected to be more than triple that of 2017. Information security refers to the practice of managing access to information, whether that is securing information from unauthorized access, or verifying the identity of those who claim to have authority to access information. The rise of new markets such as the Internet of Things (IoT) is shaping securing trends, creating a shift towards managed security services and other segments of IT security. Worldwide revenue from cloud management and security services was forecast to reach almost ** billion U.S. dollars in 2024, compared to just ****billion U.S. dollars in 2015.