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Security services spending to hit $49B in 2015: Gartner

Gartner recently predicted that corporate spending across the world for a broad swath of security services will climb from about $35 billion today to $49 billion in three years, with the managed security services expected to jump most of all.

Managed security services called “IT management” will grow from about $8 billion today to $14.8 billion in 2015, the research firm said. Other segments, such as security consulting, are also expected to thrive, with consulting rising from $9.6 billion today to $12.1 billion in 2015, Gartner added.

Gartner research director Lawrence Pingree predicted telecommunications providers will continue to be among the larger players in managed security services around the world, which hit $6.87 billion last year.

“Factors such as desire to economise and the difficulty in establishing round-the-clock personnel coverage for security will continue to drive corporate adoption of managed security services but it’s the small-to-mid-sized companies that are exhibiting demand in particular now,” Pingree said.

North America is the largest market for security services overall, which Gartner said includes development and integration, plus software support and hardware maintenance and support. “This is usually tied to purchases of hardware and software, Pingree said. He added that cloud-based security services — known as security as a service — are not included in this report.

The North American security services market is expected to surpass $14.6 billion next year and grow to $19 billion in 2015 while, Western Europe is projected to reach $11.9 billion next year and $14.4 billion in 2015 and the Asia Pacific region is forecast to reach $4.7 billion in 2012 and total $7 billion in 2015, Gartner anaylsts said.

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