As companies continue to expand the technologies they use to improve their overall security, the worldwide security technology and services market is forecast to reach $67.2 bn in 2013, up 8.7% from $61.8 bn in 2012, according to Gartner, Inc. The market is expected to grow to more than $86 bn in 2016.
“With security being one of the top IT concern areas, the prospect of strong continued growth is assured,” said Ruggero Contu, Research Director at Gartner. “The consistent increases in the complexity and volume of targeted attacks, coupled with the necessity of companies to address regulatory or compliance-related issues continue to support healthy security market growth.”
Gartner analysts see three main trends shaping the security market moving forward — mobile security, big data and advanced targeted attacks.
Bring your own device (BYOD) is a mega trend that will have a far-reaching influence on the entire security industry. Changes in how security addresses BYOD leaves several opportunities for technology service providers (TSPs).
Firstly, with the shift from device security to app/data security there is a chance for some security TSPs to capture endpoint protection budgets. Secondly, since some BYOD projects are centered on the productivity gains of one to two apps, there could be buying centers adding security outside of traditional information technology centers. Finally, being able to understand the device type and how your users are computing today is just as important as who they are. An opportunity exists for those able to determine that context, and provide it for other points of influence, such as the network or applications.
The amount of data required for information security to effectively detect advanced attacks and, at the same time, support new business initiatives, will grow rapidly over the next five years. This growth presents unique challenges when looking for patterns of potential risk across diverse data sources. However, big data, in and of itself, is not the goal. Delivering risk-prioritized actionable insight is.
“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 organizations,” said Eric Ahlm, Research Director at Gartner.