Security News > 2023 > October > AI-related security fears drive 2024 IT spending
2024 set to see strong public cloud spending growth.
While generative AI has not yet had a material impact on IT spending, investment in AI more broadly is supporting overall IT spending growth.
Global spending on public cloud services is forecast to increase 20.4% in 2024, and similarly to 2023, the source of growth will be combination of cloud vendor price increases and increased utilization.
While inflation's effect on both consumers and businesses plagued the devices market throughout 2022 and 2023, devices spending will begin to rebound modestly in 2024, growing 4.8%. CIOs prioritize cybersecurity.
In the 2024 Gartner survey, 80% of CIOs reported that they plan to increase spending on cyber/information security in 2024, the top technology category for increased investment.
"Gartner is projecting double-digit growth across all segments of enterprise security spending for 2024.".
News URL
https://www.helpnetsecurity.com/2023/10/27/worldwide-it-spending-2024/
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