Gartner: Global security market will grow to £55 billion by 2016

The global market for security and services will rise to $67.2 billion (£45 billion) in 2013, with further stellar growth taking that as high as $86 billion by 2016, Gartner analysts at the firm’s Security & Risk Management Summit have predicted.Year-on-year, 2013 will see 8.7 percent growth compared to 2012, which saw sales of $61.8 billion. The major influences on spending are now the growing complexity of attacks which raises the volume of data required for their detection by defenders teams, they said. This requires upgrades in equipment and supporting services.

SOURCE: computerworlduk.com

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