Persisting skills shortages and regulatory changes like the European Union’s (EU) Global Data Protection Regulation (GDPR) are driving continued growth in the security services market." An increased focus on building detection and response capabilities, privacy regulations such as GDPR, and the requirement to address digital business risks are the main drivers for global security spending through 2019 (see table below). As a per centage the level of spending on Security Services forecast by Gartner will account for 51.75% of the total global security spending by segment in 2019 - at $64.237 billion out of $124.116 billion overall. Gartner has identified key trends affecting information security spending in 2018-2019, including:At least 30% of organizations will spend on GDPR-related consulting and implementation services through 2019. Gartner clients can learn more about these forecasts in the information security space via accessing the following link: Forecast: Information Security, Worldwide, 2016-2022, Q18 Update.

Source: Forbes August 19, 2018 17:26 UTC