Protecting their organization from new cyber threats continues to be top-of-mind for the vast majority of CIOs. Worldwide spending on information security products and services will reach $81.6 billion in 2016 -- that's an increase of 7.9 percent over 2015, according to the latest market study by Gartner. Consulting and IT outsourcing are currently the largest categories of spending on information security. Until the end of 2020, the highest growth is expected to come from security testing, IT outsourcing and data loss prevention (DLP). Preventive security will continue to show strong growth, as many security practitioners will have a buying preference for preventive measures. However, solutions such as security information and event management (SIEM) and secure web gateways (SWGs) are evolving to support detection-and-response approaches. Gartner expects the SWG market will maintain its growth of 5 to 10 percent through 2020 as organizations focus on detection and response. ...
TMT Market Research and Analysis