The R&D budget for security in Mexico is forecasted to rise progressively from $9.14 million in 2024 to $10.1 million in 2028. Comparing data, the actual budget in 2023 stood at $8.9 million, leading to a year-on-year growth of 2.7% in 2024. The upward trend continues with annual percentage increases of approximately 2.6% until 2028. Cumulatively, this results in a CAGR of about 3% over the five-year period.
Future trends to watch for include advancements in cybersecurity technologies, governmental policy shifts, increased global security threats, and the economic climate that will likely influence R&D investments in security.
