Worldwide spending on information security will reach $71.1 billion in 2014, an increase of nearly 8 percent over 2013, with the data loss prevention segment showing the fastest growth at 19 percent, according to the latest forecast from Gartner Inc.
Total information security spending will grow a further 8 percent in 2015 to reach $76.9 billion, the firm predicts. It says the increasing adoption of mobile technology, cloud services, social media and information in general will drive use of new security technology and services through 2016.
“This Nexus of Forces is impacting security in terms of new vulnerabilities,” Lawrence Pingree, Gartner research director, said in a statement. “It is also creating new opportunities to improve effectiveness, particularly as a result of better understanding security threats by using contextual information and other security intelligence.”
The bigger trend that emerged in 2013 was the democratization of security threats, driven by the easy availability of malicious software and infrastructure vulnerabilities that can be used to launch advanced targeted attacks. “This has led to increased awareness among organizations that would have traditionally treated security as an IT function and a cost center,” Pingree said.
By 2015, about 10 percent of overall IT security enterprise product capabilities will be delivered in the cloud, and about 30 percent of infrastructure protection products will be purchased as part of a suite offering, the study predicts. The study also projects that by 2018, more than half of organizations will use security services firms that specialize in data protection, security risk management and security infrastructure management to enhance their security postures.
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