Worldwide spending on information security will reach $71.1 billion in 2014
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The report said the increasing adoption of mobile, cloud, social and information--often interacting together--will drive use of new security technology and services through 2016, with total information security spending expected to grow a further 8.2 percent in 2015 to reach $76.9 billion.
The highest spending is in verticals such as professional services with 5.6 percent, health care (5.6 percent) and banking (with 5.5 percent) of the overall IT budget allocated to information security.
Respondents in a recent IT Key Metrics Survey indicate that, overall, organizations will spend an average of $381 per employee on IT security.
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Download NowLawrence Pingree, research director at , told eWEEK there are three areas that can give small businesses crucial security technology.
"Small businesses can also benefit from managed security services as a component to their Internet connectivity, like broadband services, because they can leverage the security expertise of a larger service provider," he said. "These services also sometimes include monthly billing to make security more affordable."
More than 30 percent of security controls deployed to the small and midsize business (SMB) segment will be cloud-based by 2015, and roughly 10 percent of overall IT security enterprise product capabilities will be delivered in the cloud.