Security spending will outpace other requirements by next year

News by SC Staff

Spending on security will outpace other IT requirements and projects by next year.

Spending on security will outpace other IT requirements and projects by next year.

According to a new survey by Gartner, security software budgets are expected to grow by approximately four per cent in 2010; with security services budgets projected to grow by almost three per cent, significantly outperforming other service areas.

Specific areas of projected security-related software spending growth in 2010 include security information and event management (SIEM), email security, URL filtering and user provisioning.

Adam Hils, principal research analyst at Gartner, said: “In the current highly uncertain economic environment, with overall IT budgets shrinking, even the modest spending increases indicated by the survey show that security spending accounts for a higher percentage of the IT budget. Security decision makers should work to allocate limited budgets based on enterprise-specific security needs and risk assessments.”

However Richard Turner, CEO of Clearswift, claimed that while he welcomed the survey findings, it was essential that the security industry provides increased value to its customer base; meaning a shift away from security being seen as just a cost and more as a business critical function.

Turner said: “For security vendors, there is a real opportunity here for those who recognise how their customers want to work. Businesses today are looking for solutions which will protect them from web and email threats but more importantly, that will enable them to collaborate with their partners and have the confidence to take full advantage of Web 2.0 technologies available today.

“Security vendors that still rely on threat vectors to drive their businesses' growth opportunities are not enabling their customers to achieve their business goals, they are actually barriers to growth.”


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