Shrinking IT security budgets may affect product rollouts

IT professionals are planning massive security rollouts over the next three years. But shrinking IT security budgets may throw a wrench in the works.

This article can also be found in the Premium Editorial Download: Information Security magazine: Buying spree: 2003 product survey results:

You’ve heard it a million times: Infosecurity is a process, not a product. But don’t try telling that to the 1,138 respondents to Information Security’s 2003 Product Survey. These IT security professionals never met a product they didn’t like.

With few exceptions, survey respondents predict that security product deployments over the next two years will outstrip the past two years. Intrusion detection and prevention will be red hot, with 2001-2005 compound annual growth rates (CAGRs) exceeding 40 percent per year. Products with a smaller current installation base—say, identity management—are growing even faster.

And we’re not just talking about one-off point installations. More than 40% of organizations plan to deploy more than three security products between now and 2005.

Click here to read the full story, including full-color graphics and stats, as a PDF download: Information Security May 2003 cover story: Buying spree - Shrinking IT security budgets may affect product rollouts

This was first published in May 2003

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