Global information security spending ‘to reach $86.4 billion in 2017’
Worldwide spending on information security products and services will reach $86.4 billion (£67.4 billion ) in 2017, according to research firm Gartner.
This is an increase of seven per cent from 2016, with spending expected to grow to $93 billion (£72.5 billion) in 2018.
Gartner said that within the infrastructure protection segment, it has predicted fast growth in the security testing market, due to continued data breaches and growing demands for application security testing as part of DevOps. However, it said this would be from a small base.
The company has also forecast that spending on emerging application security testing tools, particularly interactive application security testing (IAST), will contribute to this segment’s growth up to 2021.
According to Gartner, security services will continue to be the fastest growing segment, particularly IT outsourcing, consulting and implementation services.
However, hardware support services are expected to see a slow down of growth, due to the adoption of virtual appliances, the public cloud and software as a service (SaaS), which reduces the need for attached hardware support overall.
Sid Deshpande, principal research analyst at Gartner, said: “Rising awareness among chief executives and boards of directors about the business impact of security incidents and an evolving regulatory landscape have led to continued spending on security products and services.”
However, he went on to explain that improving security is “not just about spending on new technologies”. Mr Deshpande pointed to the recent global security incidents, such as the WannaCry attack that affected the NHS, as proof that it’s vital to get the basics right.
He advised organisations to improve their security by addressing basic risk-related hygiene elements, including “threat-centric vulnerability management, centralised log management, internal network segmentation, backups and system hardening”.
Share This Post, Choose Your Platform!
With over 25 years in the business telecoms industry and an unrivalled reputation of delivering excellent, personal customer service, Arrow is one of very few companies in the UK able to provide a full telecoms, IT and energy consultancy and service proposition.
Savings through automation, scale, improved service. We’ve got that covered. But the true value comes with empathy, through empowerment, collaboration. It’s connecting people that drives us forward. It’s people that make tomorrow happen.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.