- Jul 13, 2016
- 123
Excerpts
"Firms are tackling the unrelenting hacker threat by investing in security information and event management technology. The tech handles threat detection and security incident response through the real-time collection and analysis of security events. Spending in this area is growing faster than in any other segment of the security market, up 15.8 per cent, according to analyst Gartner. The sharpest decline in the security spending was on consumer-focused software, which fell 5.9 per cent year on year.
Gartner said interest in technologies focused solely on preventing security breaches is on the wane, in contrast to offerings that enable detection and response.
"Organizations are shifting security budgets from prevention to prediction, detection and response, and security vendors need to be capture this shifting spend," it said, pointing to identity governance and administration and data loss prevention technologies as growth areas."
According to Gartner, the top five vendors together in 2015 accounted for 37.6 per cent of the security software revenue -- down 3.1 percentage points from 2014. And four out of the five saw security revenues decline over 2014, according to the analyst, with only IBM increasing takings.
"The below-market growth seen by these large vendors with complex product portfolios is in contrast to the market growth and disruption being introduced by smaller, more specialized security software vendors," said Sid Deshpande, principal research analyst at Gartner.
Part of the reason for this shift is the big vendors have complex portfolios and some of those are in slowing legacy markets -- meanwhile smaller vendors don't have to worry about solving everything and can thus be more effective in targeting specific security niches."
"Firms are tackling the unrelenting hacker threat by investing in security information and event management technology. The tech handles threat detection and security incident response through the real-time collection and analysis of security events. Spending in this area is growing faster than in any other segment of the security market, up 15.8 per cent, according to analyst Gartner. The sharpest decline in the security spending was on consumer-focused software, which fell 5.9 per cent year on year.
Gartner said interest in technologies focused solely on preventing security breaches is on the wane, in contrast to offerings that enable detection and response.
"Organizations are shifting security budgets from prevention to prediction, detection and response, and security vendors need to be capture this shifting spend," it said, pointing to identity governance and administration and data loss prevention technologies as growth areas."
According to Gartner, the top five vendors together in 2015 accounted for 37.6 per cent of the security software revenue -- down 3.1 percentage points from 2014. And four out of the five saw security revenues decline over 2014, according to the analyst, with only IBM increasing takings.
"The below-market growth seen by these large vendors with complex product portfolios is in contrast to the market growth and disruption being introduced by smaller, more specialized security software vendors," said Sid Deshpande, principal research analyst at Gartner.
Part of the reason for this shift is the big vendors have complex portfolios and some of those are in slowing legacy markets -- meanwhile smaller vendors don't have to worry about solving everything and can thus be more effective in targeting specific security niches."
