Cybersecurity Ventures Forecasts $1 Trillion in Annual Global Spending by 2031
Original report publisher: not verified. Report discovered via Awesome Annual Security Reports.
Summary
Cybersecurity Ventures forecasts annual global cybersecurity spending will reach $1 trillion by 2031. The report compares market estimates, discusses spending patterns and scope, and highlights growth in spending outside CISO organizations.
Key points
- Cybersecurity Ventures estimates global cybersecurity spending at $454 billion in 2025 and forecasts $522 billion in 2026, reaching $1 trillion annually by 2031.
- Estimates differ across analysts partly because they include different markets: Cybersecurity Ventures counts areas such as automotive, aviation, and industrial security, while some IT-security estimates use narrower scopes.
- IDC forecasts $377 billion in global security spending in 2028; it says the U.S. and Western Europe will account for more than 70% of global spending in 2025.
- The report cites a McKinsey study estimating that nearly 15% of corporate cybersecurity spending comes from outside the CISO organization, with that spending expected to grow at a 24% CAGR over three years.
- Cybersecurity Ventures cites an estimate that cybercrime will cost the world $10.5 trillion in 2025, while noting that such losses are driving demand for security spending.
- The report includes market estimates for major technology companies and cybersecurity vendors, but notes that some firms do not separately report security revenues.
Article Details
- Publisher
- Cybercrime Magazine, in partnership with Evolution Equity Partners
- Report Period
- Q4 2025
- Scope
- Global cybersecurity market spending, revenues, and forecasts
- Key Statistics
- Cybersecurity Ventures estimates global cybersecurity spending at $454 billion in 2025, up from $260 billion in 2021.
- Cybersecurity Ventures forecasts the global cybersecurity market will reach $1 trillion annually by 2031, anticipating 15% year-over-year growth over the next five years.
- For 2026, Cybersecurity Ventures forecasts $522 billion in cybersecurity spending, compared with Forrester's $200 billion information-security forecast and Gartner's $240 billion forecast; the report attributes much of the difference to differing market definitions and coverage.
- According to a McKinsey study cited in the report, nearly 15% of corporate cybersecurity spending comes from outside the CISO organization, and non-CISO spending is expected to grow at a 24% CAGR over the next three years.
- IDC estimates that the U.S. and Western Europe will account for more than 70% of global security spending in 2025.
- Recommendations
- Cybersecurity providers should increasingly cater to non-CISO customers, including buying centers responsible for cloud, product, network, and audit and compliance.
People
Adam EvansSVP and CISO of Royal Bank of Canada; commented on business underinvestment in cyber risk protection.Brian MoynihanBank of America CEO; cited for a 2015 statement about the bank's cybersecurity budget.Dennis SmithFounder and Managing Partner at Evolution Equity Partners; commented on cybersecurity market growth.Justin GreisPartner and North American Cybersecurity Practice Leader at McKinsey; discussed cybersecurity budgets and risk.Richard SeewaldFounder and Managing Partner at Evolution Equity Partners; quoted on cybersecurity opportunities related to agentic AI.Scott SchoberCybercrime Magazine's Chief Security Officer-at-Large and CEO of Berkeley Varitronics Systems; discussed cybersecurity in transportation and physical environments.Stefano PeriniCo-author of IDC's Worldwide Security Spending Guide; described the scope and exclusions of its spending figures.Steve MorganFounder of Cybersecurity Ventures; quoted on market estimates and cybersecurity spending.
Vendors
CiscoTrailing Microsoft, amongst the tech giants, Cisco’s security business isDeloitte2024, and Big 4 consulting giant Deloitte had the largest market share with 16.6GoogleGoogle also doesn’t break out its security revenues separately, but they made anIBMapproximately $8 billion for the last year tracked, and IBM Security generatesMicrosoftIn fiscal 2025, Microsoft generated approximatelyPalo Alto NetworksPalo Alto Networks (NASDAQ: PANW), Santa Clara, Calif.