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Global Security and Risk Management Spending to Grow 14% in 2024, Forecasts Gartner

Worldwide end-user spending on security and risk management is projected to total $215 billion in 2024, an increase of 14.3% from 2023, according to a new forecast from Gartner, Inc. 2023 global security and risk management end-user spending is estimated to reach $188.1 billion. The continuous adoption of cloud, continuous hybrid workforce, rapid emergence and use of GenAI, and the evolving regulatory environment are forcing SRM leaders to enhance their security and risk management spending,

Emerging Markets, Future of WorkStaff ReportsSeptember 29, 2023Gartner Inc., SRM, SRM Leaders, Generative AI

Fines Related to Mismanagement of Data Subject Rights Will Exceed $1 Billion by 2026, Predicts Gartner

By 2026, fines due to mismanagement of subject rights will have increased to over $1 billion, according to Gartner, Inc. For SRM leaders in B2C organizations, automating subject rights or consumer privacy rights management has become a basic requirement and a prerequisite for building trust. The management of SRRs can enhance customer trust levels by providing a positive privacy user experience (UX).

Future of Work, Emerging MarketsStaff ReportsAugust 23, 2023Gartner Inc., SRM, SSR, SRM Leaders