According to an article on www.Information-Management.com , expenditures on information security are expected to reach $76.9 billion in 2015. The information was taken from a report prepared by the Gartner Group entitled “Forecast Information Security, Worldwide, 2012-2018, 2Q14 Update”. An 8% increase was projected in the information security market for 2014 and another 8% increase is predicted for 2015.
Mobile platforms, cloud based applications and data storage, in addition to an increase in social media activity has propelled the demand for heightened security. The report indicates that by 2015, 30% of small to medium businesses will have cloud based security controls. New security technology and services will continue to rise through 2016. In addition, anti-virus software for smart phones and other mobile devices will grow over the next few years since security for these devices is currently lagging.
According to the article –
By 2015, about 10 percent of overall IT security enterprise product capabilities will be delivered in the cloud, and about 30 percent of infrastructure protection products will be purchased as part of a suite offering, the study predicts. The study also projects that by 2018, more than half of organizations will use security services firms that specialize in data protection, security risk management and security infrastructure management to enhance their security postures.
With the increase in data security breaches and threats, it is no surprise that the information security market will continue to increase over the next few years. It is no longer something only larger corporations need to be concerned about – small to medium businesses will find they need to budget for information security in order to protect their data as well.
Feel free to contact us if you need a recommendation for an information security specialist. If you are concerned about whether or not your business is compliant with regard to your end-of-life data containing devices, give us a call. We offer free consultations to assess your compliance plan needs.