IT security spending to reach nearly $300 billion by 2026>
Help Net Security
Worldwide spending on security solutions and services is forecast to be $219 billion in 2023, an increase of 12.1% compared to 2022, according to IDC.

Investments in hardware, software, and services related to cybersecurity are expected to reach nearly $300 billion in 2026, driven by the ongoing threat of cyberattacks, the demands of providing a secure hybrid work environment, and the need to meet data privacy and governance requirements.

The industries that will deliver the largest investments in security products and services in 2023 are banking, discrete manufacturing, professional services, and federal/central government. In comparison, professional services will see notably greater investments in software with a focus on governance, risk, and compliance (GRC) and endpoint security. Services spending will also be the largest area of focus for federal/central government. Services will be the second largest technology group, led by the managed security services category with $42 billion in spending expected this year. Hardware spending will be dominated by network security appliances. Software will be the fastest growing of the three technology groups with a five-year compound annual growth rate of 13.7%, followed by services at 11.0%. Europe’s IT security spending to grow over 10%
Link: https://www.helpnetsecurity.com/2023/03/20/it-security-spending-2026/