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Analyst Index · Cybersecurity

Shailendra Upadhyay

Senior Principal Analyst, Gartner
59%
Accuracy
7 of 14
Analyst ranking
9
Predictions scored
5
Still to fall due
1 right4 mostly right2 half right1 mostly wrong1 wrong
Scored predictions9
Half right · 50%Spending on security services is projected to grow 16.6% in 2025, representing the highest growth among all segments.Cybersecurity · made Apr 2025 · due Dec 2025

What happened. Gartner's October 2025 MENA figures show 2025 security services growth of 11.9%, still the highest of the three segments (software 10.9%, network 9.3%). Services did grow fastest, but at 11.9% against the 16.6% forecast, a 4.7-point miss. Sources: gartner.com.

Paraphrased. Source: Gartner Forecasts Spending on Information Security in MENA to Grow 14% in 2025 (Gartner newsroom)

Caveat. No independent evidence available. Scored on Gartner’s own figures.

Specific · counts 1Forecast 16.6% · actual 11.9%Low confidence
Half right · 50%Information security spending by Middle East and North Africa (MENA) enterprises is projected to total $3.3 billion in 2025, an increase of 14% from 2024.Cybersecurity · made Apr 2025 · due Dec 2025

What happened. Gartner's October 2025 MENA release (3Q25 update) puts 2025 spending at $3,699m, up 10.9%. No later Gartner MENA figure for 2025 was found. Forecast 13.7% growth against Gartner's later 10.9%, a 2.8-point miss. The later figure is itself a late-2025 estimate, and the base was revised sharply upward. Sources: gartner.com.

Paraphrased. Source: Gartner Forecasts Spending on Information Security in MENA to Grow 14% in 2025 (Gartner newsroom)

Caveat. No independent evidence available. Scored on Gartner’s own figures.

Specific · counts 1Forecast 13.7% · actual 10.9%Low confidence
Wrong · 0%In 2025, spending on security services in India is projected to record the highest growth of all segments.Cybersecurity · made Aug 2024 · due Dec 2025

What happened. Gartner's March 2026 figures for India's 2025 spending show security software growing fastest (8.5%), ahead of security services (7.8%) and network security (5.8%). Security services did not record the highest growth; software did. The gap was narrow (0.7 points) but the named outcome did not happen. Sources: cxotoday.com.

Paraphrased. Source: Gartner Forecasts Information Security Spending in India to Grow 17% in 2025 (Gartner newsroom)

Caveat. No independent evidence available. Scored on Gartner’s own figures.

Specific · counts 1Medium confidence
Mostly wrong · 25%End-user spending on information security in India is forecast to total $3.4 billion in 2025, an increase of 17.1% from 2024.Cybersecurity · made Aug 2024 · due Dec 2025

What happened. Gartner's March 2026 India release puts 2025 information security spending at $3,076m, up 7.9% from 2024. Forecast 17.1% growth against 7.9% in Gartner's own later figures, a 9.2-point miss. The dollar level ($3.39bn vs $3.08bn) was about 10% high. Sources: cxotoday.com, itvoice.in.

Paraphrased. Source: Gartner Forecasts Information Security Spending in India to Grow 17% in 2025 (Gartner newsroom)

Caveat. No independent evidence available. Scored on Gartner’s own figures.

Specific · counts 1Forecast 17.1% · actual 7.9%High confidence
Mostly right · 75%Worldwide end-user spending on information security is projected to total $212 billion in 2025, an increase of 15.1% from 2024.Cybersecurity · made Aug 2024 · due Dec 2025

What happened. Gartner's 3Q26 forecast, as reported by Software Strategies Blog, puts 2024 spending at $192.9bn and 2025 at $217.7bn, growth of about 12.9%. Gartner had already revised 2025 growth down to 10.7% in its June 2025 update. The headline call was 15.1% growth; Gartner's latest figures give about 12.9%, a 2.2-point miss. The dollar level ($212bn vs $217.7bn) landed close, but mainly because 2024 was revised up from $183.9bn to $192.9bn. Sources: softwarestrategiesblog.com, gartner.com.

Paraphrased. Source: Gartner Forecasts Global Information Security Spending to Grow 15% in 2025 (Gartner newsroom)

Caveat. No independent evidence available. Scored on Gartner’s own figures.

Specific · counts 1Forecast 15.1% · actual 12.9%Medium confidence
Right · 100%End-user spending on security and risk management (SRM) in India is forecast to total $2.9 billion in 2024, an increase of 12.4% from 2023.Cybersecurity · made Feb 2024 · due Dec 2024

What happened. Gartner's March 2026 India release gives 2025 spending of $3,076m, up 7.9%, which implies 2024 spending of about $2,851m. Gartner changed the market definition in mid-2024, so 2024 growth on the original basis was never published; the level is the closest like-for-like check. Forecast $2.94bn against an implied 2024 actual of about $2.85bn, about 3% out. Scored on level because the growth series was rebased (Gartner's Aug 2024 estimate on the new basis was 17.1% growth for 2024). Sources: cxotoday.com, gartner.com.

Paraphrased. Source: Gartner Forecasts Security and Risk Management Spending in India to Grow 12% in 2024 (Gartner newsroom)

Caveat. No independent evidence available. Scored on Gartner’s own figures.

Specific · counts 1Forecast $2.94bn · actual $2.85bnLow confidence
Mostly right · 75%End-user spending on security and risk management (SRM) in the Middle East and North Africa (MENA) region is forecast to total $3.3 billion in 2024, an increase of 12.1% from 2023.Cybersecurity · made Feb 2024 · due Dec 2024

What happened. Gartner's April 2025 MENA release put 2024 information security spending at $2,893m, up 14.3%. Gartner had narrowed the market definition in between (three segments, consumer security dropped), so the dollar levels are not comparable; the growth rate is. Forecast 12.1% growth against a later Gartner figure of 14.3%, a miss of 2.2 points (too low). Sources: gartner.com.

Paraphrased. Source: Gartner Forecasts Security and Risk Management Spending in MENA to Grow 12% in 2024 (Gartner newsroom)

Caveat. No independent evidence available. Scored on Gartner’s own figures.

Specific · counts 1Forecast 12.1% · actual 14.3%Medium confidence
Mostly right · 75%End-user spending on security and risk management in the middle East and North Africa (MENA) region is forecast to total $2.8 billion in 2023, an increase of 10.4% from 2022.Cybersecurity · made Feb 2023 · due Dec 2023

What happened. Gartner's February 2024 MENA release put 2023 security and risk management spending at $2,920m, up 8.6% from 2022. Forecast 10.4% growth against a later Gartner figure of 8.6%, a miss of 1.8 points. Sources: gartner.com.

Paraphrased. Source: Gartner Forecasts Security and Risk Management Spending in MENA to Grow 10% in 2023 (Gartner newsroom)

Caveat. No independent evidence available. Scored on Gartner’s own figures.

Specific · counts 1Forecast 10.4% · actual 8.6%Medium confidence
Mostly right · 75%End-user spending on security and risk management in the Middle East and North Africa (MENA) region is forecast to total $2.6 billion in 2022, an increase of 11.2% from 2021.Cybersecurity · made Feb 2022 · due Dec 2022

What happened. Gartner's February 2023 MENA release put 2022 security and risk management spending at $2,519m, up 9.0% from 2021. Forecast 11.2% growth against a later Gartner figure of 9.0%, a miss of 2.2 points. The level ($2.67bn forecast vs $2.52bn) was also within 10%. Sources: gartner.com.

Paraphrased. Source: Gartner Forecasts Security and Risk Management Spending in MENA to Grow 11% in 2022 (Gartner newsroom)

Caveat. No independent evidence available. Scored on Gartner’s own figures.

Specific · counts 1Forecast 11.2% · actual 9%Medium confidence
Still to fall due5 predictions
  1. Dec 2028By 2028, the market is forecast to reach almost $7.7 billion.Artificial Intelligence · made Aug 2026 · source
  2. Dec 2027The market for securing AI is growing rapidly, projected to reach almost $4.8 billion in 2027, a 68.7% increase over 2026.Artificial Intelligence · made Aug 2026 · source
  3. Dec 2026In 2026, security software will remain both the largest and fastest growing-segment in India, with spending expected to grow 12.4%.Cybersecurity · made Mar 2026 · source
  4. Dec 2026End-user spending on information security in India is projected to total $3.4 billion in 2026, an increase of 11.7% from 2025.Cybersecurity · made Mar 2026 · source
  5. Dec 2026End-user spending on information security in the Middle East and North Africa (MENA) is projected to reach $4 billion in 2026, an increase of 10.1% from 2025.Cybersecurity · made Oct 2025 · source
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