GEC NEWS WIREInformation Security Spending Will Grow Almost 4.7 in 2015; Commoditization of Mature Security Technologies Leads Analysts to Reduce Overall Forecast
Worldwide spending on information security will reach $75.4 billion in 2015, an increase of 4.7 percent over 2014, according to the latest forecast from Gartner. The increase in spending is being driven by government initiatives, increased legislation and high-profile data breaches. Security testing, IT outsourcing, and identity and access management present the biggest growth opportunities for technology providers.
“Interest in security technologies is increasingly driven by elements of digital business, particularly cloud, mobile computing and now also the Internet of Things, as well as by the sophisticated and high-impact nature of advanced targeted attacks,” said Elizabeth Kim, research analyst at Gartner.
Increased legislation continues to be a driver for security spending in some countries, including Poland, the Czech Republic, Hungary, Romania and South Africa. Other trends in the information security market behind Gartner’s latest forecast include: Price increases of as much as 20 percent will drive organizations to forgo security purchasing in 2015, especially in Europe. Growth in the enterprise content-aware data loss prevention (DLP) market will see constriction of growth of 4 percent to 5 percent through to the end of 2019.Through to the end of 2020, fewer than five percent of network security vendors will gain traction in the endpoint protection platform (EPP) market etc.
