
The global information security market continues its upward trajectory, reflecting the growing impact of digital dependency. Gartner has projected that expenditures on information security will reach $183 billion in 2024, with a compound annual growth rate (CAGR) of 11.7% from 2023 to 2028. This growth is driven by escalating threats and the adoption of artificial intelligence technologies, including generative AI, as well as cloud-based solutions.
According to the report, the global information security market was valued at $162 billion in 2023 and is forecasted to expand to $292 billion by 2028. The most significant growth is anticipated in China, Japan, and emerging markets within the Asia-Pacific region. For instance, Japan’s market is expected to more than double, increasing from $8.3 billion in 2024 to $17.7 billion in 2028, with a CAGR of 16.9%. Similarly, China’s market is projected to grow from $8.4 billion in 2024 to $15.2 billion by 2028, representing a CAGR of 15.5%.
Among key market segments, enterprise security services and software will maintain the largest share. The report forecasts that the enterprise security services market will grow from $73.9 billion in 2024 to $116.8 billion by 2028, achieving a CAGR of 12.3%. Meanwhile, enterprise security software is expected to expand from $78.8 billion to $132.4 billion over the same period, with a CAGR of 14.1%. The enterprise network security market will rise from $21.8 billion in 2024 to $33.1 billion by 2028, reflecting a CAGR of 10.6%.
Conversely, the consumer security software segment will exhibit minimal growth, with an estimated increase from $8.2 billion in 2024 to $9.7 billion by 2028, corresponding to a CAGR of just 4%. This stagnation is attributed to market saturation and declining demand for new solutions in this area.
Regional disparities in growth rates are also evident. For instance, in North America and Europe, where markets are more mature, moderate growth rates of 11.9% and 12.3%, respectively, are forecasted. Nevertheless, these regions continue to exhibit strong demand for solutions to protect networks, data, and applications, driven by a widespread migration to cloud infrastructures.
The role of technology in information security is becoming increasingly pivotal, particularly in light of emerging threats associated with artificial intelligence. The implementation of cloud solutions necessitates significant efforts to safeguard critical systems and data, underscoring a global priority for organizations to address these challenges effectively.