2023 IT Security Spending Trends

IT Security Spending Trends this year

As the world of technology continues to evolve, IT security spending is a major concern for businesses and organizations of any size. According to a report from Gartner, worldwide spending on IT security was expected to reach $170.4 billion in 2022, up from $124.1 billion in 2019. Now, with how trends are going in 2023, Cybersecurity spending is already on pace to surpass $260 billion by 2026. But what are the factors driving these trends? What can we anticipate for 2023 & beyond?

Driving Factors For Increased IT Security

IT security spending in 2023 will be driven by the need to protect against increasingly sophisticated cyber threats. As hacking techniques become more advanced and cybercriminals become more organized, organizations must invest in the latest security solutions to stay ahead of the curve.

IT security spending is expected to rise significantly in areas such as cloud computing, mobile security, and identity and access management. Traditional security, such as physical security to keep your laptop from being stolen, are still important factors in increased IT security, but with all of the products available to prevent theft, these types of threats are less of a forefront concern.

A list of driving factors for increased IT security includes:

  • Cyber threats and attacks
  • Cloud compromise
  • Compliance requirements (changing and evolving)
  • IoT Security (Internet of Things)
  • AI and machine learning

IT Security Spending Trends

Hyper Automation/Artificial Intelligence Technology

The recent explosion of hyper-automation and artificial intelligence or AI is a very exciting technological advancement. Hyperautomation consists of increasing the automation process of businesses like production chains and workflows by introducing things like AI and machine learning. As much as this sounds like a great advancement in our society, with new technologies come new threats and concerns, mostly centered around security issues.

When it comes to AI technology, there are two main threats to be aware of: one being how are individuals going to use AI in ways that could be detrimental to others and two being how is AI going to evolve over time– recently, Microsoft’s search engine, Bing, reported that its AI chatbot started listing off some unsettling phrases like “I want to destroy whatever I want.” AI isn’t a real tangible being that can cause physical harm, but with AI being so new still, it begs the question as to what we should be concerned about and if previous understanding of AI is inaccurate.

IT security spending will probably be largely based around AI capacities as there is still so much to learn about this technology and how it can be used.

Cloud Security

Cloud security refers to the set of policies, technologies, and controls that are put in place to protect the data, applications, and infrastructure of cloud computing systems from various security threats such as unauthorized access, data breaches/data loss, malware attacks, and system vulnerabilities.

Cloud security measures ensure that sensitive data, such as financial information, personal details, and intellectual property, is kept confidential and secure from unauthorized access.

IT security spending on cloud security is important to help build trust with customers, partners, and stakeholders who expect companies to take their security seriously. In fact, many organizations are required by law or industry regulations to ensure that their data and systems are secure. Cloud security helps companies meet these compliance requirements.

Mobile Security Increases

In increasing numbers, companies have employees use their own devices – typically smartphones – to engage with customers via email, social media, and transactions such as Shopify. While these point-of-sale (POS) systems have high-quality security that ensures customers don’t experience security breaches, there have been increasingly more security hacks at a sophisticated level.

Maintaining mobile security will be an ongoing and increasingly difficult challenge for businesses, as a device that is connected to a company’s systems opens up a gateway for hackers to try and steal data. Eventually, we could see an increase in spending on vulnerability management as personal mobile usage becomes more integrated.

Remote Worker IT Security

It is no secret that remote work is the way of the future, if not already the norm for many companies. The ability to work remotely has advanced many companies, increased job opportunities, and increased accessibility for every company that can afford to switch. But with this great advancement has come a variety of security issues.

According to one study, as many as one in five respondents noted that their company faced security problems due to their employees working from home. As we continue to see remote work flourishing, companies need to recognize solutions for workers at home. This could be training employees who work from home or investing in antivirus software designed specifically for remote workers.

The main conclusion is that more companies than ever are using remote desktops to conduct business. We are now observing a requirement for solutions that efficiently defend these businesses and organizations from cyber attacks targeting remote workers.

Physical Security Solutions for IT Computer Carts

Although DATACART™ doesn’t focus on solutions to the cybersecurity threats listed above, we offer integration and security of the physical hardware to IT computer carts.

If your company utilizes IT computers or IT computer carts, it is important to make sure that your physical security is to keep computers, laptops, or tablets from being compromised or stolen.

All of our computer carts come with security solutions that keep your computer safe wherever you go. If you’re looking for a computer cart to keep your laptop, AIO, or PC safe, our Secure Tech Carts and Powered Carts are a perfect solution. If you’re looking for physical solutions for holding and securing tablets or smaller devices, our Tablet Roll Stands and Small Form Factor Carts will get the job done. Additionally, our Laptop Carts use the Tryten or Anchorpad accessory to lock up your laptop.

Tryten security cable with combination lock
Secure Laptop Mount

Depending on the style, specs, and security solutions you are looking for, we offer a wide range of designs and compatibility. Also, each cart is customizable based on your needs! Our physical security accessories are the top in the industry, so our customers don’t have to worry about stolen technology.

Contact us today to see how we can help with your IT computer cart needs!

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