Sunday, August 1, 2021

IT Security Market to Grow 8.7% This Year, Says Gartner

A new report from Gartner predicts strong growth for the IT security market through 2016. The trend toward BYOD, new regulation and the continued growth of attacks will likely spur enterprise spending on security technology.

Techworld’s John E. Dunn reported, “The global market for security and services will rise to $67.2 billion (£45 billion) in 2013, with further stellar growth taking that as high as $86 billion by 2016, Gartner analysts at the firm’s Security & Risk Management Summit have predicted. Year-on-year, 2013 will see 8.7 percent growth compared to 2012, which saw sales of $61.8 billion.”

ComputerWeekly’s Warwick Ashford noted, “Analysts said mobile security, big data and advanced targeted attacks would be the main forces shaping the security technology market.”

eWeek quoted Gartner’s Ruggero Contu who said, “The consistent increases in the complexity and volume of targeted attacks, coupled with the necessity of companies to address regulatory or compliance-related issues, continue to support healthy security market growth.”

According to the press release, “Bring your own device (BYOD) is a megatrend that will have a far-reaching influence on the entire security industry. Changes in how security addresses BYOD leaves several opportunities for technology service providers (TSPs).”

Similar articles

Latest Articles

Data Governance Trends 2021

Data governance trends in 2021 reflect a changing data management landscape, one focused on centralization, improved data security, and streamlined remote access. In large...

Data Management Trends 2021

Data management trends in 2021 reflect the continuing digital evolution the business world has been undergoing for several years. Enterprises are responsible for managing...

Data Management Use Cases...

Comprehensive data management is critical for companies to pull insights from their data. Data analytics and business intelligence (BI) hinge on creative data management practices,...

How Databases are Being...

Well-designed databases are essential to understanding how a business is doing.  Large amounts of data first need to be handled efficiently by databases in order...