Picture of a flash drive
Firms take insufficient care of data copied to USB sticks

Rise in global security spend set to continue

Smaller businesses to play catch up to corporates, while software as a service drives down prices

Written by Martin Courtney

Projected global spending on security software is forecast to reach $10.5bn (£5.3bn) in 2008, up 11.2 per cent on estimates for 2007, and reach more than $13.1bn (£6.6bn) in 2012, according to analyst Gartner.

Last week’s Information Security (InfoSec) show in London revealed signs that security vendors are gearing up for the task.

The adoption of sophisticated security measures by smaller companies will drive an increase in security software sales.

However, price erosion will take effect as more buyers explore software as a service options, said Gartner.

“In the long run, we expect to see more converged security products, with increased pricing pressure on vendors,” said principal Gartner research analyst Ruggero Contu.

Increased mobile and remote working will heighten the security risk. Many companies still do not implement adequate measures for the control of confidential data copied to USB sticks.

While this is likely to fuel increased spending on next-generation firewalls, the implementation of identity and access management systems are more likely to show a clearer return on investment, said Gartner.

According to a survey of 1,000 enterprise IT directors by research company Vanson Bourne, 73 per cent are concerned enough to block the use of free instant messaging (IM) applications in their organisations.

Fear of data loss, time-wasting and other misuse were cited as reasons for the ban, while just 11 per cent had policies that allow IM, but monitor usage and content.

Further reading

IT security spending on the increase

IDC research shows security is occupying a greater share of overall budgets   More...

Related articles

Do you agree?

Advertisement

Job of the week

Search thousands of IT jobs :

Search thousands of IT jobs:

Advanced search

Hiring now on ComputingCareers:

Related IT jobs

Search thousands of IT jobs :

Search thousands of IT jobs:

Advanced search

Advertisement

Watch

25 Jul 2008

7.85 MBPodcast Special: Views from the Valley More...

24 Jul 2008

3.68 MBSpammer jailed, Esquire e-cover, and network passwords More...

23 Jul 2008

2.99 MBSmall time security, official 'spying' requests and a spammer jail break More...

Poll

EUROPEAN E-COMMERCE

EUROPEAN E-COMMERCE

Are you happy making an online purchase from another European country?

Previous poll results

Newsletter signup

Sign up for our range of FREE newsletters:

Existing User

Newsletter user login:

Enter email address to edit your newsletter preferences

Spotlight

Credit card transaction

Credit card fraud rampant in the UK

Attempted frauds go unreported and ignored, analysts claim   More...

Intel

Intel rolls out new embedded line-up

System-on-a-chip offerings promise footprint and power saving   More...

Advertisement

Network cables

Tech giants collaborate on wireless HD

Another attempt at cable-free transmission in the home   More...

iPhone fever fills AT&T coffers

US provider cashes in on Apple smartphone   More...

Advertisement