Keep up with the latest cybersecurity threats, newly discovered vulnerabilities, data breach information, and emerging trends. Delivered daily or weekly right to your email inbox.
Gartner Says IT Security Spending to Hit $124B in 2019
Global IT security spending will grow 12.4% in 2018 and another 8.7% in 2019.
1 Min Read
IT security spending is growing at a healthy 12.4% and will continue to expand based on demand generated by concerns of security risks, business needs, and industry changes, according to a new Gartner forecast.
Security spending should be more than $114 billion in 2018 and grow by 8.7% to $124 billion in 2019. Privacy will drive many of the new expenditures, with identity and access management, identity governance and administration, and data loss prevention key areas of interest.
Capital purchases are not the only reason for spending: ongoing skills shortages and concerns over regulations such as GDPR are driving organizations to build more relationships with security services to bridge gaps in their capabilities. Gartner estimates that services will represent at least half of security software delivery by 2020.
Read more here.
Learn from the industry's most knowledgeable CISOs and IT security experts in a setting that is conducive to interaction and conversation. Early bird rate ends August 31. Click for more info.
About the Author
You May Also Like
More Insights
