Australia lags global spend on security, risk management>
IT Wire – Peter Dinham
Spending on security and risk management technology and services in Australia and New Zealand is expected to decline this year, bucking the global trend in spending on security which is forecast to grow, according to a new analyst report. According to the latest report from analyst firm Gartner, in Australia security spending is expected to decline, down 5.6% from A$4.3 billion in 2019 to just over $4 billion this year. And in New Zealand, a 3.8% decline is forecast, dropping from NZ$635 million to $611 million in 2020. The spending decline in Australia and New Zealand is in contrast to the global outlook, with worldwide spending on security and risk management technology and services forecast to continue to grow 2.4% in 2020 – down from the 8.7% growth Gartner projected in its December 2019 forecast – and âpropped up largely by cloud and remote worker security investmentsâ, according to Gartner.

Gartner says the ongoing shift to a cloud-based delivery model makes the security market somewhat more resilient to a downturn, with an average penetration of 12% of overall security deployments cloud-based in 2019 – and cloud-based delivery models reaching well above 50% of the deployments in markets such as secure email and web gateways.
Link: https://www.itwire.com/security/australia-lags-global-spend-on-security,-risk-management.html