{"id":2043,"date":"2004-06-07T00:00:00","date_gmt":"2004-06-07T00:00:00","guid":{"rendered":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/2004\/06\/07\/security-expected-to-take-a-larger-bite-out-of-it-budgets\/"},"modified":"2021-12-30T11:40:32","modified_gmt":"2021-12-30T11:40:32","slug":"security-expected-to-take-a-larger-bite-out-of-it-budgets","status":"publish","type":"post","link":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/2004\/06\/07\/security-expected-to-take-a-larger-bite-out-of-it-budgets\/","title":{"rendered":"Security Expected To Take A Larger Bite Out Of IT Budgets"},"content":{"rendered":"<p>Spending on security-related technology is expected to increase over the next couple of years, leveling off at 5 percent to 8 percent of the IT budget of global 2000 companies, according to the Meta group.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Security spending takes up from 3 percent to 4 percent of IT budgets today, the Meta Group said in a report on calculating information-security spending.<\/p>\n<p>A chief financial officer typically defines ROI as dollars spent balanced by additional revenue or accrued profit, but &#8220;security doesn&#8217;t generate revenue or improve profits in a predictable manner,&#8221; Meta analyst Chris Byrnes said.<\/p>\n<p>The rate of spending is expected to be slower in Europe than in the U.S., with a 5 percent to 7 percent CAGR versus a 10 percent CAGR, Meta said.<\/p>\n<p>The major reasons are the lower intensity of publicity regarding cyber-crime and compliance issues.<\/p>\n<p>In the Asia-Pacific region, spending rates are expected to be similar to Europe in mature economies, such as Singapore, Japan, Australia, and South Korea.<\/p>\n<p>Security spending in developing countries, such as Malaysia, Thailand, and Philippines, is only starting.<\/p>\n<p>Within verticals, the more regulated industries and those that conduct a lot of electronic financial transactions over the public Internet are expected to continue spending more on security.<\/p>\n<p>More info: http:\/\/www.techweb.com\/wire\/story\/TWB20040607S0013<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-2043","post","type-post","status-publish","format-standard","hentry","category-trends"],"_links":{"self":[{"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/2043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/comments?post=2043"}],"version-history":[{"count":1,"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/2043\/revisions"}],"predecessor-version":[{"id":4530,"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/2043\/revisions\/4530"}],"wp:attachment":[{"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/media?parent=2043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/categories?post=2043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/tags?post=2043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}