A recently released report Gartner, a market research firm, found that global enterprise IT spending on security solutions will grow 11 percent in 2010. The figure represents a recovery for the market, which grew only 7 percent in 2009 as a result of the global economic recession.
Part of the reason the market has remained strong is the use of new technologies such as SaaS applications open source software are not believed to be as secure as others. While it’s not been proven either way, implementing rigorous security measures will help organizations improve data loss prevention, which is key to running a successful, compliant company.
“Most segments of the security software market will continue to grow over the next few years, although a significant degree of variation is expected between the more-established and less-mature technologies,” said Ruggero Contu, principal research analyst at Gartner. “Overall, security will remain one of the fastest-growing areas within the enterprise software market.”
Gartner recently reported that the overall IT market has not been as strong as it expected at the beginning of the year. As a result, it lowered its expectations for global IT spending from 4.1 percent to 2.9 percent.