Businesses across various sectors are ramping up their cybersecurity investments. Global spending is expected to reach €190.2 billion by 2026, a significant increase from €127.8 billion in 2022. This surge is driven by the growing recognition of cybersecurity's role in maintaining business continuity and protecting against increasingly sophisticated cyber threats.
Recent data indicates that companies with advanced cybersecurity measures have seen a 45% reduction in downtime caused by cyber incidents. Additionally, organisations report a 30% decrease in operational costs due to fewer disruptions and improved threat detection capabilities.
In response to these trends, 67% of enterprises plan to increase their cybersecurity budgets by at least 20% next year, focusing on AI-driven threat detection, multi-factor authentication, and robust incident response strategies. This proactive approach is expected to safeguard business operations and enhance customer trust in an increasingly digital marketplace.
Global Cybersecurity Spending Trends in EUR (2018-2024)
Year
Spending (in billions EUR)
100, 120, 140, 160, 180
- 2018: €78.0
- 2019: €87.6
- 2020: €98.6
- 2021: €111.5
- 2022: €127.8
- 2023: €146.4
2024: €167.8
