Gartner has predicted that worldwide information security spending will reach $86.4 billion in 2017; a seven percent growth over the year. Spending is expected to increase to $93 billion in 2018.
The fastest growing sector is security services; especially in IT outsourcing, consulting and implementation services. The only area where growth is likely to slow down is hardware support services, which are becoming less necessary with the continuing adoption of virtual appliances, public cloud and Security as a Service (SaaS) solutions.
Much of the growth is thus expected to come from upgrading the IT infrastructure to a perceived more secure posture than by simply buying additional security products.
“Improving security is not just about spending on new technologies,” said Sid Deshpande, principal research analyst at Gartner. “As seen in the recent spate of global security incidents, doing the basics right has never been more important. Organizations can improve their security posture significantly just by addressing basic security and risk related hygiene elements like threat centric vulnerability management, centralized log management, internal network segmentation, backups and system hardening,” he said.