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IT Security Market Report 2007
Key Note Publications Ltd, May 2007, Pages: 133
UK expenditure on IT security products and services was worth an estimated £2.3bn in 2006, having increased by 26.9% during the year. If companies' internal spending on IT security is included, the figure rises to £3.29bn.
Spending on IT security (both internal and external) is taking a growing share of IT budgets. Organisations are beginning to understand the importance of IT security, although a large number of UK businesses still regard it as an overhead, rather than an investment. IT security's increasing share of total IT expenditure is the result of a continuing rise in the number, variety and sophistication of threats faced by organisations. Changing business practices, such as outsourcing, globalisation, teleworking and e-business, have led to the development of distributed corporate structures and greater networking of computers within and between organisations, making modern IT systems more vulnerable to attack.
To reduce the points of vulnerability in a system, organisations are increasingly looking to buy integrated platforms/appliances, rather than stand-alone security products. In addition to this, many organisations are adopting a multi-layered approach to security, which combines solutions such as desktop anti-virus, server and gateway anti-virus, content filtering, and pro-active techniques such as behaviour analysis and heuristics.
The importance of networking means that modern computer systems must allow access, but in a controlled manner, so an increasing emphasis is being placed on identity and access-management solutions. As the use of wireless and remote networking grows, securing mobile and wireless devices is also becoming more important.
Spending on IT security products and services is forecast to show strong growth between 2007 and 2011. The main growth areas will continue to be: products and services that offer a strong return on investment and make security more manageable; wireless and application security solutions; security audits and penetration testing; role-based access-control solutions; biometric technology; products and services that enforce corporate policy, comply with privacy regulations and limit legal liability; content-management software; outsourcing; and security appliances.
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