Network security spending to surge in 2014

Network security spending to surge in 2014

Summary: According to a Forrester Research survey of more than 2,000 security pros, 46 percent of companies expect to increase network security spending in 2014.

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TOPICS: Security, Networking
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Spending on network security, which represented 21 percent of the total security spending pie in 2013, is expected to increase in 2014 as enterprises increasingly look to thwart breaches and attacks.

According to a Forrester Research survey of more than 2,000 security pros, 46 percent of companies expect to increase network security spending in 2014.

Forrester noted that companies are deploying a Zero Trust security model that requires the verification and security of all resources, limits on access and constant monitoring and logging of traffic.

forr network security

 

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Meanwhile network security is expensive and requires infrastructure spending. Given the gold rush in network security it's no surprise that next-gen companies are being acquired at a rapid clip.

Among the moving parts in security spending:

  • 35 percent of companies expect to bolster wireless security in the next 12 months;
  • 32 percent of respondents plan to buy next-gen firewalls in the next 12 months and 29 percent say they will focus on advanced malware detection.
  • 63 percent of security decision makers want to improve threat detection monitoring.
  • 57 percent of companies want to buy from one vendor because they have enough best-of-breed applications and want to simplify management and integration. That data nugget may be on reason there's such a merger and acquisition dance going on in the security industry right now. Small security upstarts need more sales throughput and large tech giants need access to new technologies and approaches. See: FireEye acquires Mandiant for $1 billion; broadens security footprint | Palo Alto Networks buys ex-NSA founded startup Morta Security | Cisco acquires security software firm Sourcefire
  • Firewalls and threat intelligence are the most popular security as a service products. 
  • 28 percent of companies plan to invest in security analytics. 
  • 45 percent of respondents plan to increase spending to train their IT security pros.

Topics: Security, Networking

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