The imperative to protect increasingly digitized businesses, governments, schools, Internet of Things (IoT) devices, and consumers from cybercrime will propel global spending on cybersecurity products and services to $1 trillion (USD) annually by 2031, according to the “Cybersecurity Market Report” due out from Cybersecurity Ventures and Evolution Equity Partners on Jun. 16, 2025.
Global spending on cybersecurity products and services is expected to reach $454 billion annually (USD) in 2025, up from $260 billion in 2021.
“In advance of the report, we are releasing our cybersecurity market prediction today at the RSA Conference 2025 in San Francisco” says Steve Morgan, founder of Cybersecurity Ventures. For 32 years, the RSA Conference has been a driving force behind the world’s cybersecurity community.