Cribl

Top 5 Trends for Security
and IT Budget Owners

Industry-wide survey reveals how Security and IT budget owners are addressing ongoing budget challenges.

Key Findings

Hear how Security and IT budget owners are addressing ongoing budget challenges.

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Nearly 2x more budget owners expect to increase investments this year compared to last year.

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Cybersecurity is the top area of investment, as indicated by 95% of respondents.

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Staffing and training are the areas most likely to see reduced budgets.

The Shift to Strategic Investments

With budget cuts and staffing reductions comes an increased focus on efficiency. That’s why Security and IT budget owners are looking to make strategic investments in the next 12 months to operate more cost effectively.

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Past 6 months

26% increased investments
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Next 12 months

47% expect to increase investments

Investing in Cybersecurity

To protect the enterprise and its customers, Security and IT teams are prioritizing cybersecurity investments over the next 12 months.

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95%

expect to increase cybersecurity investments
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62%

prefer buying cybersecurity tools instead of building in-house
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54%

are investing in automation across cybersecurity and infrastructure

Tool Consolidation

IT and Security budget owners are looking to consolidate tool sets to operate more cost effectively.

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57% of respondents are considering consolidating their data processing vendors

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Enterprises also looking for vendors that replace fixed contract costs with a consumption-based, volume-based option that can be adjusted

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