Global Cybersecurity Spending to Reach $76.9 Billion in 2015: Gartner

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Petrovic

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As organizations worldwide become more and more aware of the risks posed by the lack of protection against cyber threats, information security spending will continue to increase, Gartner forecasts.

According to the IT research and advisory firm, global IT security spending will reach $71.1 billion this year, which represents an increase of 7.9% compared to 2013. Next year, spending will grow even more, reaching $76.9 billion.

The use of security solutions will be driven in the next couple of years by the rapid adoption of mobile, cloud, social and information technologies, which often interact with each other,Gartner said.

"This Nexus of Forces is impacting security in terms of new vulnerabilities. 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” explained Gartner research director Lawrence Pingree.

By 2015, approximately 10% of the security controls deployed by organizations will be cloud-based, particularly when it comes to small and midsize businesses.

"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. More than 30% of security controls deployed to the small or midsize business (SMB) segment will be cloud-based by 2015," Gartner said.

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