Cyber Security News

Report Says IT Security Spending on the Rise

Gartner, Inc. has issued a report predicting that the worldwide spend on IT security is in the midst of an 8.4 percent uptick in 2012, and it is expected to continue to rise through 2016. The $60 billion anticipated for 2012 compares to $55 billion last year, with a projected spend at $86 billion in 2016.

According to the report, entitled "Forecast Overview: Security Infrastructure, Worldwide, 2010-2016, 2Q12 Update", roughly 45 percent of the responding CIOs anticipated increases to their security budgets, while 50 percent expected their security budgets to remain flat. Only 5 percent of CIOs were anticipating budget decreases. Respondents from some emerging markets, such as Brazil, China and India, anticipated increases that were higher than the worldwide averages.

Advanced persistent threats, enhanced targeting efforts, and the increased sophistication of attacks were spotlighted as key reasons for the budget increases. Gartner predicts that organizations will continue to seek the security expertise necessary to mitigate the vulnerabilities and address whatever circumstances might arise.

Managed security services, gateway appliances, and security information and event management (SIEM) are identified as the fastest growing market segments, while cloud-based security received an honorable mention for above-average growth.

Did you enjoy this article? Click here to subscribe to Security Magazine. 

You must login or register in order to post a comment.



Image Galleries

ASIS 2013 Product Preview

ASIS International 59th Annual Seminar and Exhibits, September 24-27 in Chicago, Illinois, will include an exhibit hall packed with innovative security solutions. Here are some of the products that will be shown at ASIS this year.


Virtualization and Data Center Security: What You Need to Know for 2014

Data centers are increasingly becoming the center of the enterprise, and data center and cyber security is following the same path for security departments. According to Justin Flynn, a consultant at the Burwood Group, the virtualization of data centers allows enterprises to scale more easily and faster, with a smaller footprint.

However, hosting enterprise data in the cloud can make intrusion detection more difficult – how can enterprise security leaders team up with other departments to keep aware of cyber risks and traffic, and physical and data compliance during the virtual transition? How can CISOs and CSOs discuss cyber threats with the C-Suite to get the resources they need? And how can the proper infrastructure test and verify possible malicious attacks? 

More Podcasts

Security Magazine

Security May 2015 Issue cover

2015 May

In the May 2015 issue of Security, learn how to be the bridge between busieness and security with "customer facing," how to effectively work with your CFO, and covert security.

Table Of Contents Subscribe

Body Cameras on Security Officers

Body cameras are being used increasingly by police in cities across the U.S. Will you arm your security officers with a body camera?
View Results Poll Archive


Effective Security Management, 5th Edition.jpg
Effective Security Management, 5th Edition

 Effective Security Management, 5e, teaches practicing security professionals how to build their careers by mastering the fundamentals of good management. Charles Sennewald brings a time-tested blend of common sense, wisdom, and humor to this bestselling introduction to workplace dynamics. 

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Facebook 40px 2-12-13 Twitter logo 40px 2-12-13  YouTube  LinkedIn logo 40px 2-12-13Google+

Vertical Sector Focus: Critical Infrastructures

criticalhomepagethumbFrom terrorism to vandalism, it’s preparedness, response, training and partnerships. Learn about some of the critical security issues facing this sector.

Visit the Critical Infrastructure page to read more.