Gartner Predicts Growth in Security Spending

Monday Aug 16th 2010 by Kara Reeder
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Gartner says security software spending will reach a worldwide total of $16.5 billion this year.

According to V3.co.uk, Gartner predicts security software spending will reach a worldwide total of $16.5 billion this year, an 11 percent increase over last year's $15 billion. Says Ruggero Contu, a principal research analyst at Gartner:

Overall, security will remain one of the fastest growing areas within the enterprise software market.

With market conditions changing, Gartner expects a return to spending with enterprises keen to keep security technology current. Contu says:

Security software vendors that have a balanced mix of channel, new license and maintenance revenue streams, and flexibility in contractual terms ... have the strongest options for continued growth and to even out the risk.

Enterprises will likely spend the most on security software, followed by endpoint security.

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