Menu
​High-profile data breaches and Govt awareness drives IT security spend growth

​High-profile data breaches and Govt awareness drives IT security spend growth

“Interest in security technologies is increasingly driven by elements of digital business, particularly cloud, mobile computing and now also the Internet of Things."

Worldwide spending on information security will reach US$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.

Going forward, security testing, IT outsourcing, and identity and access management present the biggest growth opportunities for technology providers.

Gartner reports that spending in areas such as endpoint protection platforms and consumer security software is starting to see commoditisation, leading to a downgrade in the forecast for these segments in 2015.

While the visibility and growing awareness of the impact of security threats keeps attention on security, the bulk of the security software market is composed of mature technology areas where the penetration rate is already high.

“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,” says Elizabeth Kim, Research Analyst, Gartner.

Kim says that this focus is driving investment in emerging offerings, such as endpoint detection and remediation tools, threat intelligence and cloud security tools, such as encryption.

However, strength in these emerging segments cannot compensate for the downgrade of the larger mature segments being commoditised.

The analyst firm reports that 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 organisations to forgo security purchasing in 2015, especially in Europe.

As most products in security originate from the U.S., its dollar appreciation will trigger significant price changes in the conversion from local currencies to U.S. dollars.

Pricing went up as much as 20 percent for most security products in the European region, for example.

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags GartnerCloudsecurityInternet of Thingsmobile

Featured

Slideshows

Kiwi channel reunites as After Hours kicks off 2017

Kiwi channel reunites as After Hours kicks off 2017

After Hours made a welcome return to the channel social calendar last night, with a bumper crowd of distributors, vendors and resellers descending on The Jefferson in Auckland to kickstart 2017. Photos by Maria Stefina.

Kiwi channel reunites as After Hours kicks off 2017
Arrow exclusively introduces Tenable Network Security to A/NZ channel

Arrow exclusively introduces Tenable Network Security to A/NZ channel

Arrow Electronics introduced Tenable Network Security to local resellers in Sydney last week, officially launching the distributor's latest security partnership across Australia and New Zealand. Representing the first direct distribution agreement locally for Tenable specifically, the deal sees Arrow deliver security solutions directly to mid-market and enterprise channel partners on both sides of the Tasman.

Arrow exclusively introduces Tenable Network Security to A/NZ channel
Examining the changing job scene in the Kiwi channel

Examining the changing job scene in the Kiwi channel

Typically, the New Year brings new opportunities for personnel within the Kiwi channel. 2017 started no differently, with a host of appointments, departures and reshuffles across vendor, distributor and reseller businesses. As a result, the job scene across New Zealand has changed - here’s a run down of who is working where in the year ahead…

Examining the changing job scene in the Kiwi channel
Show Comments