Security Infrastructure Market to Top $86 Billion in 2016: Gartner
Software, services and cloud-based security platforms are expected to drive steady growth in security infrastructure, Gartner reports.Security is expected to remain an IT budget priority in the coming years, according to a survey from technology analytics firm Gartner, with worldwide spending on security infrastructure to rise 8.4 percent to $60 billion in 2012. Despite a continuing economic slowdown that has been putting pressure on IT budgets around the world, the Gartner report projected security spending would continue on an upward trajectory, reaching $86 billion in 2016. The fastest-growing segments in security infrastructure, which Gartner terms the software, services and network security appliances used to secure enterprise and consumer IT equipment, include managed security services like IT outsourcing, secure Web gateway appliances and security information and event management (SIEM). Above-average growth is expected for cloud-based security markets as demand for this delivery model grows, the report said.
"The security infrastructure market is expected to experience positive growth over the forecast period, despite risks of further economic turbulence," Lawrence Pingree, research director at Gartner, said in a prepared statement. "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."