NEW DELHI, Sept 13: While the global economic slowdown has been putting pressure on IT budgets, the worldwide spending on security infrastructure market is expected to rise to 60 billion dollars in 2012, up 8.4 per cent from 55 billion dollars in 2011, according to IT research and advisory firm Gartner, Inc.
This trajectory to expected to continue and reach 86 billion dollars in 2016, the firm said.
The security infrastructure market consists of the software, services and network security appliances used to secure enterprise and consumer IT equipment.
IT outsourcing (managed security services), secure Web gateway (appliance), and security information and event management (SIEM) are the fastest-growing security segments.
Demand for cloud-based security is also impacting a number of key security markets, and above-average growth is expected for this new delivery model, the firm said. (UNI)
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