NEWS

Gartner: Security Services Market to Reach $49.1 billion in 2015

By John Wagley

Spending on security services will reach $35.1 billion this year, up from $31.1 billion in 2010, according to projections from Gartner. Spending is also expected to exceed $49.1 billion in 2015.

Much of the growth is being driven by small- and medium-sized organizations looking to reduce operational costs and gain outside expertise, according to Gartner research director Lawrence Pingree. Though security services can provide benefits, it’s important for organizations to research service providers and ensure they receive the support they originally expected, he said.

The fastest growing security services segment will be managed security services; spending is estimated to grow from $8 billion in 2011 to $14.9 billion in 2015. Security consulting services spending will likely reach $12.2 billion in 2015, up from $9.6 billion this year.

Security industry acquisitions and increasing partnerships among vendors have made it easier for companies to adopt more types of security services simultaneously, said Pingree.

Organizations should conduct due diligence and use a bit of caution when contracting with outside services firms, he said. Organizations should also make sure they continue to receive adequate responsiveness and support. As companies grow, they might consider adding more in-house staff to help in areas including managing and monitoring security services relationships, he said.

Security services spending in North America is expected to surpass $14.6 billion in 2012 and reach $19 billion in 2015. Western European spending is expected to reach $11.9 billion in 2012 and $14.4 billion in 2015. Spending in the Asia/Pacific region is expected to grow to $7 billion in 2015 from $4.7 billion in 2012.

 

♦ Photo by kdlunz/ Flickr

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