Sizing The Security Market

Companies will triple security spending by 2004 and spend more on services in the bargain. But despite multibillion-dollar spending, firms will miss the new challenge: business-process security.

InformationWeek Staff, Contributor

October 19, 2001

1 Min Read
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Companies will triple security spending by 2004 and spend more on services in the bargain. But despite multibillion-dollar spending, firms will miss the new challenge: business-process security.

Interviews:

  • Firms will increase security spending by 55% in two years.

  • Companies will double their spending on services.

Analysis:

  • US security spending will grow to $19.7 billion in 2004.

  • Bad decision-making ensures mediocre security.

Action:

  • Business managers must be held accountable for securiy.

  • Build security monitoring into external business processes.

What It Means:

  • Outsourced security crashes in 2002 and rebounds in 2004.

  • Only companies that secure business processes survive.

Grapevine:

  • No, it's not SOS.

  • Right on the dot.

  • It's not a bug...

  • It takes a tough man to build a better operating system.

Pages:19

Figures Included In This Report:
Figure 1. Firms Expect To Change Their IT Security Spending Patterns
Figure 2. Spending Patterns Shift To External Vendors
Figure 3. Firms Face Pressure From Many Sources
Figure 4. IT Security Spending
Figure 5. IT Security Life Cycle
Figure 6. IT Security Spending Through 2004, By Category

By Frank Prince
With Carl D. Howe
Christian Buss
Stephanie Smith

Read more about:

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