Security spending to hit high in 2005

Wednesday, 4 August 2004, 12:37 PM EST

Next year will be the high mark in corporate IT security spending, after which spending will drop to around 5% of IT budgets, says Gartner analyst Rich Mogull.

ďThe reason for this will be because corporations would have to build more secure networks to protect the enterprise,Ē Mogull said during his presentation at the Gartner Symposium/ITxpo Africa being held in Cape Town this week.

According to Gartner's predictions, by 2006, information security spending will drop to 4% or 5% of IT budgets on average as enterprises improve security management and efficiency.

By aul Vecchiatto at The Sunday Times.

[ Read more ]




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