Infotech Lead India: Worldwide security infrastructure market is expected to rise to $60 billion in 2012, up 8.4 percent from $55 billion in 2011, says Gartner.
Gartner expects this trajectory to continue, reaching $86 billion in 2016.
The security infrastructure market consists of the software, services and network security appliances used to secure enterprise and consumer IT equipment.
The fastest growing security segments are IT outsourcing (managed security services), secure Web gateway (appliance), and security information and event management (SIEM) are the fastest-growing security segments.
Security has been a priority for IT organizations. Demand for cloud-based security is also impacting a number of key security markets, and above-average growth is expected for this new delivery model.
The security products and services market is also driven by the persistent threat landscape and influenced by the increasingly targeted and evolving attack patterns that are growing in sophistication.
Lawrence Pingree, research director at Gartner, said, “Results from the 2012 annual Gartner CIO survey show increased prioritization for security compared with 2011 and results from Gartner budgeting surveys published in June 2012 underline the fact that organizations globally are prioritizing on security budgets.”
While 45 percent of survey respondents expected a security budget increase, 50 percent expected their budget to remain the same and only 5 percent expected their budget to decrease in 2012. This pattern varied little across regions, although some countries in emerging regions demonstrated a much-higher expectation of an increase.
