Access and Feeds

Security: Demand for Detection, Response and Privacy Products and Services Grows

By Dick Weisinger

More than $114 billion will be spent on information security products globally this year, according to a report by Gartner.  Next year the market is expected to grow at a rate of 8.7 percent, reaching $124 billion.  Gartner estimates that by 2020, more than half of security spending will be for managed or subscription-based security products and services.

The main drivers for the increased spending on security include:

  • Security Risks
  • Business Needs
  • Industry Changes
  • Privacy Concerns
  • Digital Transformation

Siddharth Deshpande, Research Director at Gartner, said that “security and risk management has to be a critical part of any digital business initiative.”

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