Feeds

IT chiefs' purses drained, security budget still safe - report

CIO study finds spending maintained or rising, despite recession

Boost IT visibility and business value

Security looks set to be one part of companies' IT budgets that will be comparatively safeguarded in the recession, if the beancounters at Gartner are to be believed.

Global spending is forecast to rise more than 8 per cent this year to $60bn, reaching $86bn by 2016.

Gartner research director Lawrence Pingree said that based on its CIO spending survey in June businesses are clearly "prioritising on security budgets"

"The security infrastructure market is expected to experience positive growth over the forecast period, despite risks of further economic turbulence," he said.

Security services and security software will lead the growth stakes driven by the "persistent threat landscape…and evolving attack patterns that are growing in sophistication".

Roughly 45 per cent of CIOs surveyed told Gartner they would plough more cash into security; one half expected to at least maintain budgets; and just 5 per cent planned to spend less.

Based on its findings, Gartner reckons the economic meltdown in the US and Europe has had "some impact" on companies' security buying habits in those regions, unlike firms in emerging countries.

"We expect current market trends will keep security infrastructure growth at between 9 per cent and 11 per cent from 2011 through 2013, but we are factoring in a higher degree of caution in terms of buying behaviour," said Pingree. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Déjà vu: Virgin Media jacks up broadband prices
Screw copper phone lines, we're UNIQUE, bleats telco
UK fuzz want PINCODES on ALL mobile phones
Met Police calls for mandatory passwords on all new mobes
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
Fifteen zero days found in hacker router comp romp
Four routers rooted in SOHOpelessly Broken challenge
New Sprint CEO says he will lower axe on staff – but prices come first
'Very disruptive' new rates to be revealed next week
US TV stations bowl sueball directly at FCC's spectrum mega-sale
Broadcasters upset about coverage and cost as they shift up and down the dials
UK mobile coverage is BETTER than EVER, networks tell Ofcom
Regulator swallows this line and parrots it back out at us. What are they playing at?
What's the nature of your emergency, Vodafone?
Oh, you've dialled the wrong number for ad fibs, rules ASA
EE network whacked by 'PDP authentication failure' blunder
Carrier is 'aware' of cockup, working on a fix NOW
ROAD TRIP! An FCC road trip – Leahy demands net neutrality debate across US
You crashed watchdog's site, now time to crash its ears
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?