From informationweek.com
Gartner
predicts worldwide spending on information security products and services will
reach $81.6 billion in 2016 -- an increase of 7.9% from last year.
Global
spending on information security products and services will reach $81.6 billion
in 2016, according to a new report from Gartner. This prediction
marks an increase of 7.9% from last year.
The
largest areas of information security spending are consulting and IT
outsourcing, Gartner stated. Security testing, IT outsourcing, and data loss
prevention (DLP) will be the biggest opportunities for growth through the end
of 2020.
Another
crucial area of industry growth is preventive security. Many IT pros tend to
opt for preventive measures when planning their security strategies, a trend
poised to continue in years to come.
However,
preventive measures have proven weak in blocking cyberattacks. As a
result, more organizations have adopted the detection-and-response approach to
strengthen their security.
Security technologies,
such as security information and event management (SIEM) and secure web
gateways (SWG) are expected to evolve to support this trend. In particular, SWG
tech will maintain a 5% to 10% growth through 2020.
"Organizations
are increasingly focusing on detection and response, because taking a
preventive approach has not been successful in blocking malicious
attacks," said Gartner senior research analyst Elizabeth Kim in a
statement. "We strongly advise businesses to balance their spending to
include both."
Kim
said she anticipates security spending will evolve to become more
service-driven as businesses continue to struggle with an overall lack of cyber-security talent in the industry.
Managed
detection and response (MDR) is growing as organizations are challenged to use
both technology and human expertise to pinpoint risks and maintain a safe cyber
environment. This is especially relevant in addressing insider threats and
targeted advanced threats.
In
its report, Gartner dives into a few specific areas of security where
businesses are predicted to spend their security budgets this year.
For
example, the average price of firewalls will increase by a minimum of 2% to 3%
year-over-year through the end of 2018. As organizations demand greater
bandwidth and more devices, se
By
2019, half of midsize and large businesses will implement larger and more
advanced inspection features to their network firewalls. In addition to larger
bandwidth and better performance, businesses will also need their firewalls to
group together other features such as intrusion prevention and web filtering.
Ninety
percent of businesses are forecast to adopt at least one form of DLP by 2018;
currently, only half of them do. Many organizations launch DLP for regulatory
compliance and IP protection, but new technologies will also provide machine learning,
data-matching, image analysis, and user entity and behavior analytics.
Some
areas of information security are lagging behind. Consumer security software,
endpoint protection platforms, and secure email gateways are exhibiting slower
growth as a result of commoditization, Gartner noted.
While
the purchase and implementation of new security technologies is key to
protecting businesses, so is the development of cyber-security
skills in employees.
The shortage of skilled security professionals is both dangerous and expensive.
It leaves businesses vulnerable to attacks resulting in reputational damage and
data loss.
The
most highly technical skills are the ones in greatest demand. Businesses are
seeking pros with expertise in software development, attack mitigation,
intrusion detection, network monitoring, and other areas of cyber-security.
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