There is increasing demand for security software. Dataquest says overall spending on security tools is projected to reach $4.3 billion this year, up from $3.6 billion in 2001.
More companies are concerned about security following the Sept. 11 attacks, resulting in moves to prevent cyber-attacks, Dataquest says. In addition, several well-publicized hacks, virus outbreaks and distributed denial of service attacks also have triggered interest in enhanced safeguards.
"Enterprises are looking particularly at defensive security technologies such as anti-virus software, intrusion detection systems and firewalls," says Colleen Graham, industry analyst for Gartner Dataquest's software industry Research group.
Areas planning to increase spending on security this year include government, education, information technology and financial services, Dataquest adds. Spending cutbacks are projected to occur in the telecommunications and communications markets.
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