Organizations have increased cloud spending by over 30% on average over the past year.

11% of RIAs significantly decreased their IT spend last year.

41% of financial services firms plan to invest or upgrade in IT infrastructure modernization in 2026.

57% of RIAs increased security budgets.

78% of financial services firms increased cybersecurity spending in the past year.

88% of financial services firms in the $101-500M range increased cybersecurity spending in the last 12 months.

51% of financial services firms plan to invest or upgrade in cloud adoption, migration and security in 2026.

51% of leaders at gig economy organisations reported fraud tool spending increased in 2025.

83% of leaders at gig economy organisations expect fraud tool spending to increase or hold steady in 2026.

Life sciences is expected to be the third fastest-growing sector for security spending with an expected year-on-year growth rate of 16.9%

Media and entertainment is expected to be the second fastest-growing sector for security spending with an expected year-on-year growth rate of 17.1%

Capital markets are expected to be the fastest-growing sector for security spending with a year-on-year growth rate of 19.4%

Global security spending is expected to hit $377 billion by 2028

More than half of the security spending will go on security software, with a 14.4% year-on-year growth rate

The bulk of global security spending (70%) will be in the US and Europe

Global security spending is expected to grow by 12.2% this year (2025)

91% believe there is room for improvement in the return on their IT spending.

There has been a 50% increase in healthcare cybersecurity spending since 2018.

Gartner forecasts worldwide IT spending to reach $5.61 trillion in 2025, representing a 9.8% increase from 2024.

Gartner predicts spending on Overall IT to reach $5.617 trillion in 2025, a 9.8% increase from $5.114 trillion in 2024.