Security spending will increase

Tuesday, 8 June 2004, 10:10 AM EST

Spending on security-related technology is expected to increase over the next couple of years, leveling off at 5 percent to 8 percent of the IT budget of global 2000 companies, a market-research firm said Monday.

Security spending takes up from 3 percent to 4 percent of IT budgets today, the Meta Group said in a report on calculating information-security spending. That amount, however, is expected to increases at a compound annual growth rate of between 8 percent and 10 percent through 2006, before reaching a plateau.

In general, information security doesn't have metrics for return on investment that's been adopted across industries.

By Antone Gonsalves at TechWeb.

[ Read more ]




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