According to V3.co.uk, Gartner predicts security software spending will reach a worldwide total of $16.5 billion this year, an 11 percent increase over last year’s $15 billion. Says Ruggero Contu, a principal research analyst at Gartner:
Overall, security will remain one of the fastest growing areas within the enterprise software market.
With market conditions changing, Gartner expects a return to spending with enterprises keen to keep security technology current. Contu says:
Security software vendors that have a balanced mix of channel, new license and maintenance revenue streams, and flexibility in contractual terms … have the strongest options for continued growth and to even out the risk.
Enterprises will likely spend the most on security software, followed by endpoint security.
