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Research From IANS and Artico Search Reveals Cybersecurity Budgets Increased Just 6% for 2022-2023 Cycle

Annual research by IANS Research and Artico Search shows a decrease in the growth of cybersecurity budgets. Despite a 6% increase from last year, this is a significant drop from the previous year’s 17% rise. Especially prominent in technology firms where growth fell from 30% to 5%. Budgets as a share of IT budgets are up, with security spending at 11.6% of IT budgets, up from 8.6% in 2020.

Source: www.darkreading.com –

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