TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • Digital Platforms and Services
  • Open RAN
  • Cloud Native Telco
  • Telcos and Public Cloud
  • The Green Network
  • Private Networks
  • Open Telco Infra
  • 5G Evolution
  • Access Evolution
  • Edgenomics
  • Network Automation
  • 6G Research and Innovation
  • Security
  • More Topics
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • |
  • About
  • Contact
  • |
  • Connect with us
  • Digital Platforms and Services
  • Open RAN
  • Cloud Native Telco
  • Telcos and Public Cloud
  • The Green Network
  • Private Networks
  • Open Telco Infra
  • 5G Evolution
  • Access Evolution
  • Edgenomics
  • Network Automation
  • 6G Research & Innovation
  • Security
  • Connect with TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

Industry Announcements

Tracker

Gartner says worldwide information security spending will grow 7.9 percent to reach $81.6 billion in 2016

Via Gartner Newsroom

Aug 9, 2016

SYDNEY, Australia , August 9, 2016

IT Outsourcing, Security Testing and Data Loss Prevention Offer Biggest Growth Opportunities

Worldwide spending on information security products and services will reach $81.6 billion in 2016, an increase of 7.9 percent over 2015, according to the latest forecast from Gartner, Inc. Consulting and IT outsourcing are currently the largest categories of spending on information security. Until the end of 2020, the highest growth is expected to come from security testing, IT outsourcing and data loss prevention (DLP).

Preventive security will continue to show strong growth, as many security practitioners continue to have a buying preference for preventive measures. However, solutions such as security information and event management (SIEM) and secure web gateways (SWGs) are evolving to support detection-and-response approaches. Gartner expects the SWG market will maintain its growth of 5 to 10 percent through 2020 as organizations focus on detection and response.

"Organizations are increasingly focusing on detection and response, because taking a preventive approach has not been successful in blocking malicious attacks," said Elizabeth Kim, senior research analyst at Gartner. "We strongly advise businesses to balance their spending to include both."

Ms. Kim said that security spending will become increasingly service-driven as organizations continue to face staffing and talent shortages. Managed detection and response (MDR) is emerging, with demand coming from organizations struggling to deploy, manage and use an effective combination of expertise and tools to detect threats, and then bring their environment back to a known good state. This is particularly true for targeted advanced threats and insider threats. With more MDR providers emerging targeting the midmarket, Gartner foresees these services being an additional driver for security spending for both large and smaller organizations.

According to Gartner, spending in security markets such as consumer security software, secure email gateways (SEGs) and endpoint protection platforms (EPPs) continues to show constrained growth due to commoditization.

Other assumptions in the information security market behind Gartner's latest forecast include:

The average selling price for firewalls is expected to increase by at least 2 or 3 percent year over year until the end of 2018.

This is driven by the market benefiting from higher demand for high-end equipment among cloud providers and other service providers, due to larger bandwidth needs and an increasing number of devices. While vendor competition continues to put pressure on pricing, enterprises, service providers and web-scale organizations are moving toward deploying bigger and more expensive firewalls. As a result, the deployment of large firewalls by cloud service providers will remain an important source of revenue growth for vendors.

By 2018, 90 percent of organizations will implement at least one form of integrated DLP, up from 50 percent today.

Organizations have been deploying DLP to address regulatory compliance, intellectual property (IP) protection and data visibility and monitoring. Newer solutions that include user entity and behavior analytics, image analysis, machine learning, and data-matching techniques are being used to augment existing solutions.

Public cloud adoption will impact firewall spending by less than 10 percent until the end of 2019 but will have an impact after that.

While software as a service (SaaS) adoption is growing, the effect on firewall spending will be limited for the next three years. SaaS is the first choice for only 16 percent of CIOs surveyed by Gartner in 2015. Transitions also take time, during which vendors of cloud access security brokers (CASBs) will not only continue to evolve to cover more than just SaaS, but also perform similar roles for infrastructure as a service (IaaS) and platform as a service (PaaS). In addition, firewall vendors will also have to deal with one of their main challenges for the next few years: decrypting Secure Sockets Layer (SSL) at scale.

Half of midsize and large organizations will add bigger, more advanced inspection-oriented features to their network firewalls by 2019.

Bandwidth has been increasing, requiring larger-scale, higher-performing and more expensive firewalls. In addition, organizations are looking to firewalls to consolidate other features, such as web filtering and intrusion prevention capabilities. Some are enhancing their firewalls with new content inspection features, such as malware sandboxing.

More detailed analysis is available to Gartner clients in the report "Forecast Analysis: Information Security, Worldwide, 1Q16 Update."

Related Topics
  • Asia-Pacific,
  • Gartner,
  • News,
  • Research and Trials,
  • Security,
  • Tracker

More Like This

Open RAN

Aira Technologies Inc. develops world’s first AI-based channel estimation and prediction xApp

Feb 8, 2023

5G Evolution

Qualcomm introduces the world's first 5G NR-light modem-RF system to fuel a new wave of 5G devices

Feb 8, 2023

5G Evolution

Verizon achieves upload speeds surpassing 1Gbit/s

Feb 8, 2023

Open RAN

NEC touts "truly open, truly trusted" approach to network ecosystems for 5G and beyond at MWC 2023 in Barcelona

Feb 8, 2023

Digital Platforms and Services

Vonage recognised as established leader in conversational commerce by Juniper Research

Feb 8, 2023

This content extract was originally sourced from an external website (Gartner Newsroom) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

0:46

The Cloud Native Telco Summit returns this September!

8:32

Azita Arvani on Being a Female Leader at Rakuten Symphony

16:19

AT&T Amy Zwarico on securing telco applications in the public cloud

1:44

Join us for the greatest industry debate of the year!

TelecomTV
Company
  • About Us
  • Media Kit
  • Contact Us
Our Brands
  • DSP Leaders World Forum
  • Great Telco Debate
  • TelecomTV Events
Get In Touch
[email protected]
+44 (0) 207 448 1070
Connect With Us
  • Privacy
  • Cookies
  • Terms of Use
  • Legal Notices
  • Help

TelecomTV is produced by the team at Decisive Media.

© Decisive Media Limited 2023. All rights reserved. All brands and products are the trademarks of their respective holder(s).