Gartner: MENA IT security spending set to grow 11% in 2017
Revealed during the Gartner Security and Risk Management Summit, the market is projected to reach $1.8bn by the close of 2017
During the Gartner Security and Risk Management Summit, which is running from the 16 - 17 October, 2017, the company revealed that its projections for Middle East and North Africa's (MENA) spending on information security technologies and services.
Sam Olyaei, senior research analyst at Gartner, said: "Improving security is not just about spending on new technologies. As seen in the recent spate of global security incidents, doing the basics right has never been more important.
"Organisations can improve their security posture significantly just by addressing basic security and risk related hygiene processes like patch management, regular and scalable vulnerability scanning, centralised log management, internal network segmentation, backups and system hardening. Do not buy a tool just because a tool exists, invest in people and process to maintain and operate these tools," explained Olyaei.
According to Gartner, the MENA's IT security market is expected to grow by 11% over last year's figures to reach $1.8bn in 2017. Additionally, experts from the company noted that security services will continue to be the fastest growing segment, driven by skills shortages in the field, as well as increasing awareness of threats.
"The region is also fixated on check box compliance - a hallmark of immaturity when it comes to security. In essence there is a false sense of security in the GCC," added Olyaei.
"Digital business is transforming the region and it is all about managing risk; managing risk is about understanding the major perils a business will face, and prioritising controls and investments in security to achieve business outcomes."
During its annual security summit, Gartner noted the impact of other security trends, which included the growth of GDPR-related consulting and implementation services, security skill management programs, as well as robust nature of public cloud IaaS workloads that is projected to see roughly 60% fewer security incidents than those in data centres.
Gartner also highlighted that by 2020, 40% of all managed security service (MSS) contracts will likely be bundled together with bundled with other security services and broader IT outsourcing (ITO) projects.