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Spending on information security products and services worldwide 2016-2024

The global spending on information security products and services is forecast to grow rapidly. By 2024, the worldwide market size for information security is expected reach almost 175 billion. Information security is the practice of managing access to information, whether that is securing information from unauthorized access, or verifying the identity of those who claim to have authority to access information.

The United States: “Land of security”

    The leading region by market share of security appliances is the United States, as of 2018. The United States made up 36.7 percent of the global security appliance market in the fourth quarter of 2018. The U.S. is also home to the top two companies producing security appliances: as of the fourth quarter of 2019, Cisco and Palo Alto Networks held the highest market shares in the security appliance market, with a market share of 15.8 and 13.5 percent respectively. The largest segments of the information security solutions and services market worldwide, as of 2019, are managed security services and network security, with market shares of 20.4 and 16.5 percent respectively.

Size of the information security technology market from 2016 to 2024

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Sources

Release date

August 2020

Region

Worldwide

Survey time period

2016 to 2019

Supplementary notes

* Forecast.

The 2018 and 2019 figures were calculated based on inital figures provided by the source.

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