Security Spending Set To Rise Despite Credit Crunch
Thursday, June 12th, 2008Research company IDC has predicted that spending on IT security will increase in Western Europe during 2008 despite the uncertainty created by the unsettled economic conditions.
The results of its research indicate that the spending on the various components of IT security, hardware, software and services will increase to €12.5bn during 2008. This is an increase of more than 17% on the 2007 figure of €10.6bn.
A major factor is the increasing deployment of laptops and the associated requirement to provide secure remote connections to corporate networks, together with the increasing desire to encrypt the data held on such devices.
Other areas driving up the levels of spending include the growing adoption of unified threat management devices and increased spending associated with online banking security as more countries implement new regulations.
The research covered Austria, Belgium, Denmark, Finland, France, Greece, Germany, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the UK.