Spending on information security and risk management is forecast to grow 11.3 percent to more than $188.3 billion in 2023, a report from Gartner said.
Cyber security spending in 2022 is expected to grow at 14.3 percent to $169.156 billion. This indicates that the growth in the cyber security spending next year will be slightly below 2022.
Cyber security verticals
Spending on Application Security is forecast to grow 24.7 percent to $7.503 billion in 2023.
Spending on Cloud Security is forecast to grow 26.8 percent to $6.688 billion in 2023.
Spending on Data Privacy is forecast to grow 16.9 percent to $1.477 billion in 2023.
Spending on Data Security is forecast to grow 14.2 percent to $3.997 billion in 2023.
Spending on Identity Access Management is forecast to grow 15.1 percent to $20.746 billion in 2023.
Spending on Infrastructure Protection is forecast to grow 16.1 percent to $31.810 billion in 2023.
Spending on Integrated Risk Management is forecast to grow 13.1 percent to $7.034 billion in 2023.
Spending on Network Security Equipment is forecast to grow 9.7 percent to $20.936 billion in 2023.
Spending on Other Information Security Software is…
