Start your day with intelligence. Get The OODA Daily Pulse.

Home > Analysis > Global security spending to top $103 billion in 2019, says IDC

Global security spending to top $103 billion in 2019, says IDC

New IDC data confirms the global trend toward increased cybersecurity spending. The IDC projects spending to reach $103 billion this year, which would represent a 9.4% increase, the bulk of which is due to expanded security budgets at companies with over 500 employees.

Between 2018 to 2022, spending is expected to increase by 9.2% each year, reaching $133.8 billion by 2022. The US will be the biggest contributor to global spending, account for $44.7 billion in 2019. China is the second largest spender.

Read more: Global security spending to top $103 billion in 2019, says IDC

OODA Analyst

About the Author

OODA Analyst

OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.