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Cyber spending is set to peak at over A$325 million in 2025 as organisations continue to fight back against cyber threats.
According to Gartner, cyber spending is expected to increase to US$212 billion in 2025, an increase of 15.1 per cent from 2024.
“The continued heightened threat environment, cloud movement and talent crunch are pushing security to the top of the priorities list and pressing chief information security officers (CISOs) to increase their organisation’s security spend,” said Shailendra Upadhyay, senior research principal at Gartner.
“Furthermore, organisations are currently assessing their endpoint protection platform (EPP) and endpoint detection and response (EDR) needs and making adjustments to boost their operational resilience and incident response following the CrowdStrike outage.”
The report also suggested that the development of generative AI tools will result in increased investments in security software and solutions, as the threat actors increase the sophistication of their attacks and AI lowers the barrier for cyber criminals.
Gartner suggests that by 2027, seventeen per cent of all cyber attacks and data incidents will involve generative AI tools as threat actors continue to adopt large language models for their social engineering attacks.
AUCloud and AUCyber CEO Peter Maloney has previously said that AI technology, even when used for security, can create gaps.
“As AI continues to evolve, the nature of cyber threats becomes more complex and difficult to manage. The ability of AI to generate convincing phishing attacks and automate malicious activities means that organisations must remain vigilant and proactive,” he said.
“AI’s role in both offensive and defensive cyber strategies adds layers of complexity to our security infrastructure, increasing the potential for overlooked vulnerabilities and gaps.”
In light of cloud and supply chain attacks, the market share of cloud-native security solutions and spending is also set to increase.
The market share of combined cloud access security brokers and cloud workload protection platforms together is set to jump US$2 billion, from US$6.7 billion in 2024 to US$8.7 billion in 2025.
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