Europe is increasingly spending on information security

Europe is increasingly spending on information security

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Expenditures this year will reach $ 27.3 billion. Services are the largest item in information security spending in Europe. Every year, Europe consumes more and more resources to secure information security for companies and organizations. Most of these costs fall on the services, according to a recent IDC report.

The forecast shows that hardware, software, and security costs amount to $ 27.3 billion in 2019. This is an increase of 8.3% over last year, according to IDC. The information security spending growth trend will remain in the years to come. The projected average annual growth rate for the period 2018-2022.

It is 7.2%. If analysts are right in their estimates, in 2022, Europe will spend $ 33.6 billion on security. More than half the cost this year, or $ 14.8 billion, falls to security information services. The second largest security cost is software worth $ 8.6 billion, followed by $ 3.9 billion hardware.

Europe is increasingly spending on information security

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