• TREND MICRO
  • ABOUT
Search:
  • Latest Posts
  • Categories
    • Android
    • AWS
    • Azure
    • Cloud
    • Compliance
    • Critical Infrastructure
    • Cybercrime
    • Encryption
    • Financial Services
    • Government
    • Hacks
    • Healthcare
    • Internet of Everything
    • Malware
    • Microsoft
    • Mobile Security
    • Network
    • Privacy
    • Ransomware
    • Security
    • Social Media
    • Small Business
    • Targeted Attacks
    • Trend Spotlight
    • Virtualization
    • Vulnerabilities
    • Web Security
    • Zero Day Initiative
    • Industry News
  • Our Experts
    • Ed Cabrera
    • Rik Ferguson
    • Greg Young
    • Mark Nunnikhoven
    • Jon Clay
    • William “Bill” Malik
  • Research
Home   »   Industry News   »   Current News   »   Worldwide IT security spending expected to grow 8.4 percent for 2012

Worldwide IT security spending expected to grow 8.4 percent for 2012

  • Posted on:September 18, 2012
  • Posted in:Current News
  • Posted by:
    Trend Micro
0

The continued prioritization of network and data protection is expected to drive future spending growth in the security infrastructure market, according to a new forecast from Gartner.

Noting that businesses are cautious about general IT spending at the moment, the report projected modest growth in the market for software, services and network security appliances for both businesses and consumers. The security market totalled $55 billion in 2011 and is expected to reach $60 billion in 2012, an 8.4 percent increase. The IT research company anticipated that the trend will continue, with security spending hitting $86 billion in 2016.

This growth stems from the increased prioritization of digital security – particularly as virtualization and mobile adoption prompt the need for expanded cloud security services. Additionally, the evolving nature of threats and increased sophistication of attacks is pushing organizations to invest in security technology and services, Gartner said, even in the face of global economic uncertainties.

"The security infrastructure market is expected to experience positive growth over the forecast period, despite risks of further economic turbulence," explained Lawrence Pingree, research director at Gartner. "Results from the 2012 annual Gartner CIO survey show increased prioritization for security compared with 2011 and results from Gartner budgeting surveys published in June 2012 underline the fact that organizations globally are prioritizing on security budgets."

Gartner also found that 45 percent of respondents in its most recent survey planned to increase their security budget in 2012, while only 5 percent anticipated a decrease. Increases were more pronounced in many developing economies than in the U.S. and Europe, the study found.

Other studies have also helped explain this trend, including InformationWeek’s 2012 IT Spending Priorities Survey. The analogous report found that 24 percent of IT managers listed security as their top technology initiative. However, its author stressed the importance of treating security as more than just a purchase. To have real value, security must also be a part of company culture, the report said.

InformationWeek found that security spending in areas such as social media and mobile device management was a relatively low priority, despite the ongoing consumerization of IT. As tech-savvy employees continue to introduce unavoidable questions, social and mobile considerations may occupy a more prominent place in security plans and budgets.

Security News from SimplySecurity.com by Trend Micro

Related posts:

  1. Latin America leads worldwide IT growth
  2. Study: IaaS market set to grow
  3. Report: Virtualization penetration high, expected to grow
  4. High cloud spending, usage expected among SMBs this year

Security Intelligence Blog

  • Our New Blog
  • How Unsecure gRPC Implementations Can Compromise APIs, Applications
  • XCSSET Mac Malware: Infects Xcode Projects, Performs UXSS Attack on Safari, Other Browsers, Leverages Zero-day Exploits

Featured Authors

Ed Cabrera (Chief Cybersecurity Officer)
Ed Cabrera (Chief Cybersecurity Officer)
  • Ransomware is Still a Blight on Business
Greg Young (Vice President for Cybersecurity)
Greg Young (Vice President for Cybersecurity)
  • Not Just Good Security Products, But a Good Partner
Jon Clay (Global Threat Communications)
Jon Clay (Global Threat Communications)
  • This Week in Security News: Ransomware Gang is Raking in Tens of Millions of Dollars and Microsoft Patch Tuesday Update Fixes 17 Critical Bugs
Mark Nunnikhoven (Vice President, Cloud Research)
Mark Nunnikhoven (Vice President, Cloud Research)
  • Twitter Hacked in Bitcoin Scam
Rik Ferguson (VP, Security Research)
Rik Ferguson (VP, Security Research)
  • The Sky Has Already Fallen (you just haven’t seen the alert yet)
William
William "Bill" Malik (CISA VP Infrastructure Strategies)
  • Black Hat Trip Report – Trend Micro

Follow Us

Trend Micro In The News

  • Advanced Cloud-Native Container Security Added to Trend Micro's Cloud One Services Platform
  • Trend Micro Goes Global to Find Entrepreneurs Set to Unlock the Smart Connected World
  • Winners of Trend Micro Global Capture the Flag Demonstrate Excellence in Cybersecurity
  • Companies Leveraging AWS Well-Architected Reviews Now Benefit from Security Innovations from Trend Micro
  • Trend Micro Announces World's First Cloud-Native File Storage Security
  • Home and Home Office
  • |
  • For Business
  • |
  • Security Intelligence
  • |
  • About Trend Micro
  • Asia Pacific Region (APAC): Australia / New Zealand, 中国, 日本, 대한민국, 台灣
  • Latin America Region (LAR): Brasil, México
  • North America Region (NABU): United States, Canada
  • Europe, Middle East, & Africa Region (EMEA): France, Deutschland / Österreich / Schweiz, Italia, Россия, España, United Kingdom / Ireland
  • Privacy Statement
  • Legal Policies
  • Copyright © 2017 Trend Micro Incorporated. All rights reserved.