Share of IT budgets allocated to cyber security in the UK and U.S. 2023, by sector

Published by
Alexandra Borgeaud,
Feb 5, 2024

In 2023, retail was the sector with the largest share of IT budgets allocated to cyber security in the United Kingdom and the United States, estimated at around 28 percent. The telecoms and pharmaceuticals sectors followed, with 27 percent of IT budgets allocated to cyber security. Meanwhile, only 18 percent of IT budgets were allocated to cyber security in the energy and utilities sector.

Percentage of IT budgets allocated to cyber security in the United Kingdom and United States in 2023, by sector

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Release date

November 2023

Region

United Kingdom, United States

Survey time period

September 2023

Number of respondents

600 respondents

Special properties

C-Suite and senior IT professionals within large organizations

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