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Cybersecurity Landscape Report 2025

The industry is expected to outgrow IT spending—driven by an increasing number of threats, the shift to cloud, and AI demand. 

In an increasingly dangerous digital world, the need for cybersecurity continues. Morningstar researchers project industry spending to grow at 12% CAGR over the next five years alone. Key structural tailwinds benefiting cybersecurity include increased cloud adoption, sophistication of cyberattacks, and regulations focused on security.

Our latest report analyzes the industry’s evolution, top drivers of growth, vendor consolidation trends, considerations for AI security, and more.



Download the report now to explore this evolving industry and find opportunities for clients. 

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What's Inside

  • A comprehensive analysis on security vendor economic moat ratings and sources 
  • An overview of product industry basics, demand and market dynamics, and future vendor consolidation trends 
  • Deep insights into AI threat and opportunity for the industry  

Get the Report