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Global Security Spending up 8.4% from 2011

Here’s a roundup of today’s IP news:

  • The 2012 Gartner CIO survey revealed that global spending on security will reach $60 billion this year, representing an 8.4% increase from last year. By 2016, global security spending will increase to $86 billion. According to the study, the fastest-growing security segments include “IT outsourcing (managed security services), secure web gateway (appliance) and security information and event management (SIEM).” Spending on cloud-based security services is also expected to increase as businesses make network security a top priority.
  • Executives have high hopes for big data. The Harvard Business Review surveyed executives at Fortune 1000 companies and large government agencies about big data, and 85% of the respondents stated that they have big data initiatives planned or in progress. These executives feel that the greatest benefits of big data would be “fact-based decision making” and improved “customer experience”.
  • Public cloud services are expected to grow five times faster than the overall IT industry. A new IDC study revealed that the global cloud services market is expected to hit $40 billion in 2012 and multiply to $100 billion by 2016. “The IT industry is in the midst of an important transformative period as companies invest in the technologies that will drive growth and innovation over the next two to three decades,” said Frank Gens, senior vice president and chief analyst at IDC. “By the end of the decade, IDC expects at least 80% of the industry’s growth, and enterprises’ highest-value leverage of IT, will be driven by cloud services and the other 3rd Platform technologies.”
  • Consumerization and cloud go together like peas and carrots. An article on the Trend Micro Consumerization blog makes the analogy that consumerization and cloud services go together like the popular vegetable blend. According to the article, enterprise consumerization spending is directly proportional to cloud spending and enterprises that “get” consumerization also tended to “get” cloud. This shows that cloud enables employees to use their personal consumer devices for work.
  • And finally, here’s a little humour for your Monday … Steve Goldman Associates put together this list of jokes about IT professionals. Can you relate to any of these?
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