Gartner Says Worldwide Security Market to Grow 8.7 Percent in 2013

As companies continue to expand the technologies they use to improve their overall security, the worldwide security technology and services market is forecast to reach $67.2 billion in 2013, up 8.7 percent from $61.8 billion in 2012, according to Gartner, Inc. The market is expected to grow to more than $86 billion in 2016.

Gartner analysts discussed the outlook for the security market at the Gartner Security & Risk Management Summit, being held here through Thursday.