Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Analytics

Report: Security Infrastructure Market To Grow 8.4 Percent

Security spending on security expected to rise to $60 billion this year despite slow economy

Worldwide spending on security is expected to rise to $60 billion in 2012, up 8.4 percent from last year, according to a new report.

According to the new Gartner report Forecast Overview: Security Infrastructure, Worldwide, 2010-2016, 2Q12 Update, security will continue to be a spending priority for the next several years, reaching $86 billion in 2016.

IT outsourcing (managed security services), secure Web gateway (appliance), and security information and event management (SIEM) are the fastest-growing security segments, according to the report. Demand for cloud-based security is also driving market growth, the research firm says.

"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, in a press release. "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 said they expected a security budget increase, 50 percent expected their budgets to remain the same, and only 5 percent expected their budgets to decrease in 2012.

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," the report said.

"Our most current forecast reflects our expectation that the various markets within security infrastructure will be affected to different degrees," Pingree said. "In 2012, the market contributing most to overall growth, excluding exchange rate effects, is security services, followed by security software.

"We expect current market trends will keep security infrastructure growth at between 9% and 11% from 2011 through 2013, but we are factoring in a higher degree of caution in terms of buying behavior," Pingree said.

Have a comment on this story? Please click "Add a Comment" below. If you'd like to contact Dark Reading's editors directly, send us a message. Tim Wilson is Editor in Chief and co-founder of Dark Reading.com, UBM Tech's online community for information security professionals. He is responsible for managing the site, assigning and editing content, and writing breaking news stories. Wilson has been recognized as one ... View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Commentary
Ransomware Is Not the Problem
Adam Shostack, Consultant, Entrepreneur, Technologist, Game Designer,  6/9/2021
Edge-DRsplash-11-edge-ask-the-experts
How Can I Test the Security of My Home-Office Employees' Routers?
John Bock, Senior Research Scientist,  6/7/2021
News
New Ransomware Group Claiming Connection to REvil Gang Surfaces
Jai Vijayan, Contributing Writer,  6/10/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
The State of Cybersecurity Incident Response
In this report learn how enterprises are building their incident response teams and processes, how they research potential compromises, how they respond to new breaches, and what tools and processes they use to remediate problems and improve their cyber defenses for the future.
Flash Poll
How Enterprises are Developing Secure Applications
How Enterprises are Developing Secure Applications
Recent breaches of third-party apps are driving many organizations to think harder about the security of their off-the-shelf software as they continue to move left in secure software development practices.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2021-31618
PUBLISHED: 2021-06-15
Apache HTTP Server protocol handler for the HTTP/2 protocol checks received request headers against the size limitations as configured for the server and used for the HTTP/1 protocol as well. On violation of these restrictions and HTTP response is sent to the client with a status code indicating why...
CVE-2021-20027
PUBLISHED: 2021-06-14
A buffer overflow vulnerability in SonicOS allows a remote attacker to cause a Denial of Service (DoS) by sending a specially crafted request. This vulnerability affects SonicOS Gen5, Gen6, Gen7 platforms, and SonicOSv virtual firewalls.
CVE-2021-32684
PUBLISHED: 2021-06-14
magento-scripts contains scripts and configuration used by Create Magento App, a zero-configuration tool-chain which allows one to deploy Magento 2. In versions 1.5.1 and 1.5.2, after changing the function from synchronous to asynchronous there wasn't implemented handler in the start, stop, exec, an...
CVE-2021-34693
PUBLISHED: 2021-06-14
net/can/bcm.c in the Linux kernel through 5.12.10 allows local users to obtain sensitive information from kernel stack memory because parts of a data structure are uninitialized.
CVE-2021-27887
PUBLISHED: 2021-06-14
Cross-site Scripting (XSS) vulnerability in the main dashboard of Ellipse APM versions allows an authenticated user or integrated application to inject malicious data into the application that can then be executed in a victim’s browser. This issue affects: Hitachi ABB Power Grids ...