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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.