Security players should have a good time knowing that Gartner thinks that worldwide spending on products and services in that market will increase by 8.7 percent next year.
Big G has been shuffling its tarot cards and predicts that spending will hit $114 billion this year, which represents a 12.4 percent increase, and that the momentum will continue into 2019. Either that or someone is going to meet a tall dark stranger next Tuesday.
There are several reasons for the ongoing growth, with GDPR among them, as customers continue to get on top of the European data protection regulations.
Garnter researcher and medium Siddharth Deshpande said: “Persisting skills shortages and regulatory changes like the EU’s GDPR are driving continued growth in the security services market. Security leaders are striving to help their organisations securely use technology platforms to become more competitive and drive growth for the business.”
Gartner has predicted that at least 30 per cent of organisations will spend on GDPR related consulting and implementation services next year.
Along with established spending on alleviating risk, reacting to the business needs and industry changes there are signs that privacy is going to become major area of concern.
