Risk
9/13/2012
12:36 PM
Dark Reading
Dark Reading
Products and Releases
Connect Directly
RSS
E-Mail
50%
50%
Repost This

Gartner Says Worldwide Security Infrastructure Market Will Grow 8.4 Percent

Worldwide spending on security is expected to rise to $60 billion in 2012

STAMFORD, Conn., September 13, 2012—While the global economic slowdown has been putting pressure on IT budgets, security is expected to remain a priority through 2016, according to Gartner, Inc. Worldwide spending on security is expected to rise to $60 billion in 2012, up 8.4 percent from $55 billion in 2011. Gartner expects this trajectory to continue, reaching $86 billion in 2016.

The security infrastructure market consists of the software, services and network security appliances used to secure enterprise and consumer IT equipment.

IT outsourcing (managed security services), secure Web gateway (appliance), and security information and event management (SIEM) are the fastest-growing security segments. Demand for cloud-based security is also impacting a number of key security markets, and above-average growth is expected for this new delivery model.

"The security infrastructure market is expected to experience positive growth over the forecast period, despite risks of further economic turbulence," said Lawrence Pingree, research director at Gartner. "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."

Overall, 45 percent of survey respondents expected a security budget increase, 50 percent expected their budget to remain the same and only 5 percent expected their budget to decrease in 2012. This pattern varied little across regions, although some countries in emerging regions demonstrated a much-higher expectation of an increase.

"Although security remains fairly resilient in tough times, the prolonged financial crises seen in the U.S. and Europe have had some impact on IT security spending globally but to a lesser extent for emerging countries, such as Brazil, China and India," said Ruggero Contu, research director at Gartner.

Gartner expects demand for security products and services to be driven by the persistent threat landscape and influenced by the increasingly targeted and evolving attack patterns that are growing in sophistication. Within this environment, organizations will continue to seek the expertise and help of security technology and service providers to mitigate risks and reduce security vulnerabilities.

"Our most current forecast reflects our expectation that the various markets within security infrastructure will be affected to different degrees. In 2012, the market contributing most to overall growth, excluding exchange rate effects, is security services, followed by security software," said Mr. Pingree. "We expect current market trends will keep security infrastructure growth at between 9 percent and 11 percent from 2011 through 2013, but we are factoring in a higher degree of caution in terms of buying behavior."

Additional information is available in the Gartner report "Forecast Overview: Security Infrastructure, Worldwide, 2010-2016, 2Q12 Update." The report is available at http://www.gartner.com/resId=2112716.

About the Gartner Security and Risk Management Summit 2012 Gartner analysts will examine the key issues facing the security industry during the Gartner Security & Risk Management Summit. The Gartner Security & Risk Management Summit features four programs focusing on security; risk management and compliance; business continuity management; and chief information security officer (CISO) roles to deliver detailed, role-specific content and networking. Each program offers a full agenda of analyst sessions, keynotes, roundtable discussions, case studies, workshops and more.

For additional details about the Gartner Security & Risk Management Summit taking place September 19-20 in London, please visit http://www.gartner.com/technology/summits/emea/security/. Members of the media can register by contacting laurence.goasduff@gartner.com.

Additional information from the event will be shared on Twitter at http://twitter.com/Gartner_inc and using #GartnerSEC.

Comment  | 
Print  | 
More Insights
Register for Dark Reading Newsletters
White Papers
Cartoon
Current Issue
Video
Slideshows
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2012-3946
Published: 2014-04-24
Cisco IOS before 15.3(2)S allows remote attackers to bypass interface ACL restrictions in opportunistic circumstances by sending IPv6 packets in an unspecified scenario in which expected packet drops do not occur for "a small percentage" of the packets, aka Bug ID CSCty73682.

CVE-2012-5723
Published: 2014-04-24
Cisco ASR 1000 devices with software before 3.8S, when BDI routing is enabled, allow remote attackers to cause a denial of service (device reload) via crafted (1) broadcast or (2) multicast ICMP packets with fragmentation, aka Bug ID CSCub55948.

CVE-2013-6738
Published: 2014-04-24
Cross-site scripting (XSS) vulnerability in IBM SmartCloud Analytics Log Analysis 1.1 and 1.2 before 1.2.0.0-CSI-SCALA-IF0003 allows remote attackers to inject arbitrary web script or HTML via an invalid query parameter in a response from an OAuth authorization endpoint.

CVE-2014-0188
Published: 2014-04-24
The openshift-origin-broker in Red Hat OpenShift Enterprise 2.0.5, 1.2.7, and earlier does not properly handle authentication requests from the remote-user auth plugin, which allows remote attackers to bypass authentication and impersonate arbitrary users via the X-Remote-User header in a request to...

CVE-2014-2391
Published: 2014-04-24
The password recovery service in Open-Xchange AppSuite before 7.2.2-rev20, 7.4.1 before 7.4.1-rev11, and 7.4.2 before 7.4.2-rev13 makes an improper decision about the sensitivity of a string representing a previously used but currently invalid password, which allows remote attackers to obtain potent...

Best of the Web