Worldwide Information Security Spending Will Grow 8 Per Cent in 2014

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  •  Dec 12, 2013
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Data loss prevention segment records the fastest growth at at 18.9 percent, according to Gartner

Worldwide spending on information security will reach $71.1 billion in 2014, an increase of 7.9 percent over 2013, with the data loss prevention segment recording the fastest growth at 18.9 percent, according to the latest forecast from Gartner. Total information security spending will grow a further 8.2 percent in 2015 to reach $76.9 billion.

The increasing adoption of mobile, cloud, social and information (often interacting together) will drive use of new security technology and services through 2016.

“This Nexus of Forces is impacting security in terms of new vulnerabilities,” said Gartner research director Lawrence Pingree. “It is also creating new opportunities to improve effectiveness, particularly as a result of better understanding security threats by using contextual information and other security intelligence.”

Pingree said that the bigger trend that emerged in 2013 was the democratization of security threats, driven by the easy availability of malicious software (malware) and infrastructure (via the underground economy) that can be used to launch advanced targeted attacks.

10% of overall IT security enterprise product capabilities will be delivered in the cloud by 2015

A significant number of security markets are being impacted by newly emerged delivery models. This is resulting in the growth of cloud-based security services, which are transforming, to different degrees, the way security is supplied and consumed by customers. While cloud-based services' competitive pricing puts pressure on the market, the cloud is also providing new growth opportunities, as some organizations switch from deploying on-premises products to cloud-based services or cloud-managed products.

Regulatory pressure will increase in Western Europe and Asia/Pacific from 2014

Regulatory compliance has been a major factor driving spending on security in the last three years, particularly in the U.S. Gartner expects this influence to accelerate from 2014. Broader data privacy legislation such as the Australian Privacy Act is expected to sustain spending on security this year.

By 2015, about 30% of infrastructure protection products will be purchased as part of a suite offering.

The presence of highly mature and commoditizing technologies, such as EPP and email security, will be contrasted by growth opportunities offered by segments such as SIEM, DLP and emerging technologies within the "other security" segment. Security providers in the more mature and consolidated segments are predicted to support sales through the addition of new security controls as part of broader suite offerings.

By 2018, more than half of organizations will use security services firms that specialize in data protection

Many organizations continue to lack the appropriate skills necessary to define, implement and operate appropriate levels of data protection and privacy-specific security controls. This lack of skills leads organizations to contract security consulting firms that specialize in data protection and security risk management to address regulatory compliance demands and enhance their security postures.

Mobile security will be a higher priority for consumers from 2017 onward.

There is a lack of penetration of security tools among users of new mobile platforms, and Gartner does not expect to see new demand for this type of capability to emerge before 2016. Most consumers do not recognize that antivirus is important on mobile devices and therefore have not yet established a consistent practice of buying mobile device endpoint protection software. This purchasing trend and market shift away from PCs will have significant repercussions on the consumer security market.

 


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