Global Security Expenditure Projected to Hit $377 Billion by 2028 Amid Escalating Cyber Threats
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Synopsis
A new report indicates that global security spending is projected to reach $377 billion by 2028, driven by increasing cyber threats and the adoption of advanced security measures. The report highlights significant growth across various regions, particularly in the Middle East and Africa.
Key Takeaways
- Global security spending to hit $377 billion by 2028.
- 12.2% year-on-year growth anticipated in 2025.
- US and Western Europe to dominate security expenditure.
- Significant growth in security software and services.
- Growing demand in the Middle East & Africa for security solutions.
New Delhi, March 23 (NationPress) In light of the increasing incidence of cyber attacks, global spending on security is anticipated to maintain a robust upward trajectory through the period of 2023 to 2028, culminating at $377 billion by 2028, as detailed in a recent report.
According to the latest analysis from the International Data Corporation (IDC), global security expenditure is set to rise by 12.2 percent (year on year) in 2025.
The escalating complexity and prevalence of cyber threats — propelled by generative AI (GenAI) and AI technologies in general — are compelling organizations across the globe to embrace more sophisticated defensive strategies.
The United States and Western Europe are projected to account for over 70 percent of global security expenditure in 2025.
Nonetheless, all geographic areas are expected to experience consistent growth in security spending this year, with the most significant increases occurring in Latin America, Central and Eastern Europe, as well as the Middle East and Africa.
“The surge in digital transformation and the rising adoption of emerging technologies throughout the Middle East & Africa (MEA) region — particularly in Gulf Cooperation Council (GCC) nations — have significantly heightened the demand for security solutions to address the evolving threat landscape,” stated Eman Elshewy, senior research manager at IDC Data and Analytics.
Security software is projected to emerge as the largest technology segment in 2025, constituting more than half of the global security market this year, and also the fastest growing, with a 14.4 percent year-on-year growth rate.
The expansion of the security software market will be particularly influenced by the growth of cloud native application protection platforms (CNAPP), identity and access management software, and security analytics software, reflecting the enhanced focus organizations will place on integrated cyber threat detection and response across their entire operational perimeter.
Security services are anticipated to be the second fastest growing technology segment in 2025, fueled by the ongoing growth of managed security services, which organizations of all sizes will increasingly adopt as a flexible and efficient means to tackle emerging security challenges.
Lastly, security hardware will occupy the third position, achieving modest but steady growth in 2025, according to the report.
