View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Cybersecurity
September 24, 2015

Annual security spend to hit $75.4bn

Research: Growth in company spend on information security, but a downgrade in some sectors.

By Charlotte Henry

Information security spending is to hit $75.4bn in 2015, which signifies a 4.7% increase from the year before.

Elizabeth Kim, a research analyst at Gartner, said: "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."

The increase is not just the result of firms taking information security more seriously though, but is also a consequence of increased legislation from governments worldwide. Poland, the Czech Republic, Hungary, Romania and South Africa, have seen cyber security legislation prompt a rise in security spending.

However, the rise the in the value of the dollar has caused the prices of some security software, much of which originates in America, to rise by 20%. Gartner therefore expects some European firms will defer spending until 2016.

Gartner also downgraded its forecast for endpoint protection platforms and consumer security software, on the back of increased commoditisation of these tools

David Flower, managing director, UK & Ireland, of endpoint security solution provider Bit9 + Carbon Black, said:

"While I agree that the commoditisation of anti-virus tools is going to impact endpoint security spend – particularly when vendors such as Microsoft are giving AV away for free – this is not representative of the whole endpoint security market.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

"In fact, we are seeing growing demand for more intelligent endpoint security technologies as servers, point of sale and user devices increasingly become the targets for hackers looking to exfiltrate data."

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.