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Tech Spending 2015: Focus is on Cybersecurity

By Dick Weisinger

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Cybersecurity tops 2015 CIO priorities. [Image by University of Maryland, Merrill College of Journalism]

Cybersecurity it 2015’s top priority for most CIOs.  That’s according to a recent survey by the brokerage company Piper Jaffray. “CIOs clearly have heightened concerns from the many security breaches that occurred in 2014, resulting in an inflection in overall security spending.”

While 65 percent of businesses expect to grow their overall IT spending by at least 2 percent this year, 75 percent say that they’ll be spending more on security.  37 percent are looking outside their organizations to third-parties to manage their security needs.

Andrew Nowinski, vice president and senior research analyst at Piper Jaffray, told CRN that “I think the high-profile breaches alone definitely made CIOs more cognizant of the holes they [need to] patch in their environment,” Nowinski told CRN. “The breaches have highlighted the need for an increase in spending, and some of the repercussions that a lot of these breach entities suffered, including the loss of business, has made it clear how damaging a breach can be.”

Enterprise software is another category of spending that’s expected to see strong growth in 2015.  Piper Jaffray is estimating that budgets for cloud-based application will grow by 6 percent.  On-premise spending will grow by 2 percent.

Storage remains a high priority for CIOs, but it’s position as a top priority is down to 51 percent this year, compared to 54 percent who listed storage as a high priority last year.

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