GTB Technologies Security News Watch – Worldwide Information Security Edition

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Worldwide information security spending to grow 7.9% this year to reach US$81.6 billion: Gartner

Aug 9, 2016  by Canadian Underwriter

“Worldwide spending on information security products and services will reach US$81.6 billion this year, an increase of 7.9% over 2015, according to the latest forecast from Gartner, Inc., an information technology research and advisory company based in Stamford, Conn.

Secure system concept Consulting and IT outsourcing are currently the largest categories of spending on information security, Gartner said in a press release on Tuesday. However, until the end of 2020, the highest growth is expected to come from security testing, IT outsourcing and data loss prevention (DLP) … Gartner predicts that by 2018, 90% of organizations will implement at least one form of integrated DLP, up from 50% today. Organizations have been deploying DLP to address regulatory compliance, intellectual property protection and data visibility and monitoring. Newer solutions that include user entity and behaviour analytics, image analysis, machine learning and data-matching techniques are being used to augment existing solutions, Gartner said in the release.  …  Another finding in Gartner’s Forecast Analysis: Information Security, Worldwide, 1Q16 Update is that the average selling price for firewalls is expected to increase by at least 2-3% year-over-year until the end of 2018”. [1]

Read more at below footnote link

[1] http://www.canadianunderwriter.ca/insurance/worldwide-information-security-spending-grow-7-9-year-reach-us81-6-billion-gartner-1004097999/        Canadian Underwriter

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