IT outsourcing news: Security spending set to rise
The global IT security software market is set to be worth more than $16.5 billion (£10.5 billion) in 2010, it has been reported.
According to research consultancy Gartner, the sector will expand by 11.3 per cent this year as more companies, including IT outsourcing providers, ramp up their investment.
Last year, the security software market was worth $14.8 billion, the company reported.
“Most segments will continue to grow over the next few years, although a significant degree of variation is expected between the more-established and less-mature technologies,” said Gartner principal research analyst Ruggero Contu.
“Overall, security will remain one of the fastest-growing areas within the enterprise software market.”
Last week, IDC’s FutureScan report forecast increased hardware spending of up to 5.2 per cent in the US market, offering further evidence to suggest IT spending is in recovery.
