Dimension Data, an IT services and solution provider, working with IDC, commissioned a report titled, "2009 Global IT Security Research Results Summary," whose findings look positive for all industry sectors. The report had the following key findings:
I made a prediction earlier this year stating that IT security spending would increase this year and next, and I think the Dimension Data report confirms this. In fact, just last month, Gartner stated that according to what they are seeing, they predict that the security software market will continue to grow despite poor economic conditions. Even the government will be spending more. The Obama administration will set aside $355 million for cybersecurity efforts in 2010.
All of this is great news for security professionals. Security has long been an afterthought in many organizations and budgets have shown it. Reports like this illustrate that organizations are willing to spend the money on security even when dollars are tight.