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Forrester on cybersecurity budgeting: 2025 will be the year of CISO fiscal accountability

Dec 30, 2024 - venturebeat.com
The article discusses the anticipated increase in cybersecurity budgets for 2025, with 90% of cybersecurity and risk leaders expecting budget growth. This increase comes with heightened accountability as boards demand clear returns on investments. Key areas for budget allocation include automating security operations, endpoint detection, and patch management, with a focus on reducing alert fatigue and improving efficiency. Forrester and Gartner reports highlight the resilience of cybersecurity budgets, predicting growth from $184 billion in 2024 to $294 billion in 2028, with security software as the fastest-growing segment. Cloud security is projected to be the fastest-growing market segment, with a CAGR of 25.87% from 2024 to 2028.

CISOs are prioritizing investments in cloud infrastructure, data, and AI-driven technologies to optimize cybersecurity spending. Forrester advises focusing on exposure management, post-quantum security, security data lakes, and AI/ML security. The article emphasizes the importance of CISO-CIO alignment to deliver ROI, with a need to consolidate resources and eliminate data silos for better security outcomes. Protecting revenue is highlighted as a core responsibility for CISOs, with investments needed in software supply chain security, API security, and IoT/OT threat detection.

Key takeaways:

  • Cybersecurity budgets are expected to increase in 2025, with a focus on automating security operations and reducing alert fatigue in SOCs.
  • Cloud security is projected to be the fastest-growing segment, with a CAGR of 25.87% from 2024 to 2028.
  • CISOs are prioritizing investments in cloud infrastructure, data, and software, with significant changes anticipated in cloud security and security awareness initiatives.
  • Forrester advises CISOs to invest in exposure management, post-quantum security, security data lakes, and AI/ML security to optimize cybersecurity spending.
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