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Monday, August 12, 2013

IT security spend keeps rising: Is there ROI?

The latest data from Canalys shows that the IT security spending market will reach $30.1 billion in 2017 and grow at a 7 percent compound annual growth rate from now until then. In other words, security spending will be twice the global IT spending growth rate based on the 3 percent or so most research firms expect going forward. For instance, Gartner expects global IT spending to be up a mere 2 percent in 2013 relative to 2012 due to a strong U.S. dollar and up 3.5 percent in constant currency.

Information technology security spending will apparently keep growing forever, but it’s unclear what the returns look like.

Security requirements aren’t going to go away as long as the bad guys are out there.

Canalys noted that security remains a priority for businesses even as they cut back elsewhere. Asia Pacific IT security spending will be up 9 percent in 2013 with North America growing 5 percent.

Meanwhile, medium sized businesses will grow IT security spending a 7 percent clip to hit $8.5 billion in 2017.



Posted on 08/12