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
