May 17, 2020

Gartner says that worldwide spending on information security will rise 7% and hit $86bn this year

Data
Security
cyber
Internet
Callum Rivett
2 min
Gartner has identified that spending on information security will rise 7%
Gartner's latest forecast suggests that worldwide spending on information security products and services will rise to $86.4bn in 2017, which is an incre...

Gartner's latest forecast suggests that worldwide spending on information security products and services will rise to $86.4bn in 2017, which is an increase of 7% from 2016.

That figure will then balloon to $93bn in 2018 according to the report.

Data breaches and cyber-attacks will fast-track the sector, with growing demand for application security testing as part of DevOps also boosting spending.

Meanwhile, the emergence and adoption of public cloud services and SaaS technology will cause hardware spending to slow, whilst the EU General Data Protection Regulation has sparked panic.

The GDPR has caused a rush of companies scrambling to ensure they meet regulations in a bid to avoid falling foul of the increased penalties.

RELATED STORIES

Strong punishments for data leaks will drive 65% of data loss prevention buying decisions through to 2018, with those who have already taken steps looking at how to further improve their security.

Sid Deshpande, principal research analyst at Gartner, commented: "Rising awareness among CEOs and boards of directors about the business impact of security incidents and an evolving regulatory landscape have led to continued spending on security products and services."

"Improving security is not just about spending on new technologies, however; as seen in the recent spate of global security incidents, doing the basics right has never been more important."

Addressing these basics of security has to be the primary concern, as Symantec have pointed out that around 1.2mn cyber attacks are blocked per month - a rise of 600,000 in just four months.

Also included in the report is the projection that by 2020, 40% of all managed security service contracts will be bundled with other security services and broader IT outsourcing projects.

That would mean a rise of 20% in three years, with large organisations aiming to secure customisable delivery components sold with the MSS.

 

Share article

Jun 4, 2021

Logi Analytics Webinar: Meet the speaker

LogiAnalytics
Webinar
Data
Technology
2 min
Join Technology Magazine and Logi Analytics for this exclusive webinar as we explore the revolutionary power of next-generation embedded analytics

Data allows business owners to leverage digital insights and embrace the power of data-driven business intelligence to make more informed decisions that are better for business growth and evolution. By using data to drive its actions, an organisation can contextualise and/or personalise its messaging to its prospects and customers for a more customer-centric approach.

BizClik Media Group and Logi Analytics invite you to explore next-gen embedded analytics in our live webinar. There’s still time to sign up for the event entitled ‘Application Imperative: How Next-Gen Embedded Analytics Power Data-Driven Action’, which is taking place on 10 June at 4 pm BST.

The webinar will be led by Constellation Research’s Principal Analyst, Doug Henschen, who focuses on data-driven decision-making. Henschen’s Data-to-Decisions research examines how organisations employ data analysis to reimagine their business models and gain a deeper understanding of their customers.

Henschen's research acknowledges that innovative data analysis applications require a multi-disciplinary approach starting with information and orchestration technologies, continuing through business intelligence, data visualisation, and analytics, and moving into NoSQL and big-data analysis, third-party data enrichment, and decision-management technologies.

Constellation Research is a technology research and advisory firm based in Silicon Valley. Prior to joining Constellation, Doug Henschen led analytics, big data, business intelligence, optimisation, smart applications research, and news coverage at InformationWeek.

What will the webinar cover?

This exclusive webinar will explain next-gen embedding capabilities that will enable your company to:

  • Eliminate unproductive toggling between transactional interfaces and purely analytic dashboards
  • Drive two-way interactions between app features and embedded analytics to drive data-driven action
  • The compounding impact of embedded analytics on your overall ROI
  • Harness analytics as triggers for automated workflows and suggested next-best actions
  • Enable developers to build quickly without coding while customising self-service options for end users

Logi Analytics is the only developer-grade analytics solutions provider focused exclusively on embedding analytics in commercial and enterprise applications, empowering the world’s software teams with the most intuitive data analytics solutions and a team of dedicated professionals invested in your company’s success.

Why not sign up today to find out exactly how Logi Analytics can revolutionise your data analytics game?

We look forward to seeing you there!

Share article