Burlingame, Sept. 20, 2023 (GLOBE NEWSWIRE) — According to Coherent Market Insights, global security spending market is estimated to be valued at US$ 152.81 billion in 2022 and is expected to exhibit a CAGR of 7.8% during the forecast period (2023-2030). Security spending is financial resources allocated by organizations, individuals, or governments for protecting against different threats, such as physical breaches, cybersttacks, or emergencies. This expenditure includes investments in personnel, technology, infrastructure, and policies aimed at safeguarding data, assets, and people. Effective security spending is important for mitigation of risks and ensuring the resilience of an entity against disruptions or harm.

(GlobeNewsWire)