Global security market will grow to $US86 billion by 2016, Gartner predicts

Major influences on spending are now the growing complexity of attacks

The global market for security and services will rise to $US67.2 billion (£45 billion) in 2013, with further stellar growth taking that as high as $US86 billion by 2016, Gartner analysts at the firm's Security & Risk Management Summit have predicted.

Year-on-year, 2013 will see 8.7 per cent growth compared to 2012, which saw sales of $US61.8 billion.

The major influences on spending are now the growing complexity of attacks which raises the volume of data required for their detection by defenders teams, they said. This requires upgrades in equipment and supporting services.

Attackers were also becoming not only harder to detect with single layers of defence (such as firewalls) but harder to get rid of once they had breached defences thanks to attack methods designed to steal 'persistent' credentials.

"Mitigating the threat from ATAs [advanced targeted attacks] required a defence-in-depth strategy across multiple security controls," said Gartner's research director, Lawrence Pingree.

"Organisations should employ a defence-in-depth, layered approach model. Organisations must continue to set the security bar higher, reaching beyond many of the existing security and compliance mandates in order to either prevent or detect these newly emergent attacks and persistent penetration strategies," he argued.

Trends such as BYOD would also shift the emphasis from devices towards application security, giving security service providers an opportunity to "capture" some of the budgets set aside for traditional endpoint security.

All of this implied changes in the personnel and skills needed that would be in demand from security professionals, with the emergence of data analysts - information scientists if you like - appearing in more organisations.

"To support the growing need for security analytics, changes in information security people, technologies, integration methods and processes will be required, including security data warehousing and analytics capabilities, and an emerging role for security data analysts within leading-edge enterprise information security organisations," said Gartner research director, Eric Ahlm.

As an aside, one trend not mentioned by Gartner is the arrival of challenges to its own dominant position as the analyst that will guide the industry through this period of change using its famous Magic Quadrant vendor assessment

This week crowdsourced upstart rival G2 Crowd finally launched its first Grid oriented towards the CRM market. This bases its judgments not on analyst opinions of the sort used by Gartner but the views of verified customers in each sector.

Gartner's Security & Risk Management Summit runs from 10-13 June in National Harbour Maryland with follow-up events planned for Sydney in August and London in September.

Join the CSO newsletter!

Error: Please check your email address.

Tags BYODGartnerapplicationssecuritysoftware

More about Gartner

Show Comments

Featured Whitepapers

Editor's Recommendations

Solution Centres

Stories by John E Dunn

Latest Videos

  • 150x50

    CSO Webinar: Will your data protection strategy be enough when disaster strikes?

    Speakers: - Paul O’Connor, Engagement leader - Performance Audit Group, Victorian Auditor-General’s Office (VAGO) - Nigel Phair, Managing Director, Centre for Internet Safety - Joshua Stenhouse, Technical Evangelist, Zerto - Anthony Caruana, CSO MC & Moderator

    Play Video

  • 150x50

    CSO Webinar: The Human Factor - Your people are your biggest security weakness

    ​Speakers: David Lacey, Researcher and former CISO Royal Mail David Turner - Global Risk Management Expert Mark Guntrip - Group Manager, Email Protection, Proofpoint

    Play Video

  • 150x50

    CSO Webinar: Current ransomware defences are failing – but machine learning can drive a more proactive solution

    Speakers • Ty Miller, Director, Threat Intelligence • Mark Gregory, Leader, Network Engineering Research Group, RMIT • Jeff Lanza, Retired FBI Agent (USA) • Andy Solterbeck, VP Asia Pacific, Cylance • David Braue, CSO MC/Moderator What to expect: ​Hear from industry experts on the local and global ransomware threat landscape. Explore a new approach to dealing with ransomware using machine-learning techniques and by thinking about the problem in a fundamentally different way. Apply techniques for gathering insight into ransomware behaviour and find out what elements must go into a truly effective ransomware defence. Get a first-hand look at how ransomware actually works in practice, and how machine-learning techniques can pick up on its activities long before your employees do.

    Play Video

  • 150x50

    CSO Webinar: Get real about metadata to avoid a false sense of security

    Speakers: • Anthony Caruana – CSO MC and moderator • Ian Farquhar, Worldwide Virtual Security Team Lead, Gigamon • John Lindsay, Former CTO, iiNet • Skeeve Stevens, Futurist, Future Sumo • David Vaile - Vice chair of APF, Co-Convenor of the Cyberspace Law And Policy Community, UNSW Law Faculty This webinar covers: - A 101 on metadata - what it is and how to use it - Insight into a typical attack, what happens and what we would find when looking into the metadata - How to collect metadata, use this to detect attacks and get greater insight into how you can use this to protect your organisation - Learn how much raw data and metadata to retain and how long for - Get a reality check on how you're using your metadata and if this is enough to secure your organisation

    Play Video

  • 150x50

    CSO Webinar: How banking trojans work and how you can stop them

    CSO Webinar: How banking trojans work and how you can stop them Featuring: • John Baird, Director of Global Technology Production, Deutsche Bank • Samantha Macleod, GM Cyber Security, ME Bank • Sherrod DeGrippo, Director of Emerging Threats, Proofpoint (USA)

    Play Video

More videos

Blog Posts

Market Place