Worldwide spending on information security and risk management technology and services is forecast to grow 12.4% in 2021, to reach $150.4 billion, according to the latest forecast from Gartner, Inc. Security and risk management spending grew 6.4% in 2020.<\/p>\n\n\n\n
Gartner analysts said the strong growth rate reflects continuing demand for\u00a0remote worker technologies<\/a>\u00a0and\u00a0cloud security<\/a>.<\/p>\n\n\n\n \u201cOrganizations continue to grapple with the security and regulatory demands of\u00a0public cloud<\/a>\u00a0and software as a service,\u201d said\u00a0Lawrence Pingree<\/a>, managing research vice president at Gartner.\u00a0\u201cLooking ahead, we\u2019re seeing early market signals of growing automation and further adoption of machine learning technologies in support of\u00a0AI security<\/a>. To combat attacks, organizations will extend and standardize threat detection and response activities.\u201d<\/p>\n\n\n\n In the\u00a0Gartner 2021 CIO Agenda Survey<\/a>, cybersecurity was the top priority for new spending, with 61% of the more than 2,000 CIOs surveyed increasing investment in cyber\/information security this year.<\/p>\n\n\n\n Security services including consulting, hardware support, implementation and outsourced services represent the largest category of spending in 2021, at almost $72.5 billion worldwide (see Table 1).<\/p>\n\n\n\n Table 1<\/strong><\/p>\n\n\n\n Information Security & Risk Management End User Spending by Segment, 2020-2021 (Millions of U.S. Dollars)<\/strong><\/p>\n\n\n\n