The average security investment will peak at 8-12% of information technology (IT) budgets among Global 2000 organiz...
June 7, 2004
The average security investment will peak at 8-12% of information technology (IT) budgets among Global 2000 organizations, according to META Group Inc.
“Information security remains a top-five issue for CIOs, and the debate regarding appropriate investment levels continues to rage,” said Tom Scholtz, vice president with the research firm’s Security & Risk Strategies advisory service.
“Although capturing and benchmarking information security spending is complicated, security teams must model overall investment to track parity with industry peers and account for the cost of satisfying business requirements for managing information risk.”
META Group research indicates that the average information security spending in Global 2000 organizations is currently about 4% of the IT budget, which represents a continuing increase from previous years.
In Europe, the rate of increase in security spending has been significantly slower than that witnessed in the United States, primarily because of the lower intensity of publicity regarding compliance issues and cybercrime.
The picture in the Asia Pacific region is even more variable, with the more mature economies (Singapore, Japan, Australia, and South Korea) reflecting patterns that are predominantly similar to those of the European countries, the research firm said in a release issued today.
The maturing markets in the Asia Pacific region (Malaysia, Thailand, and Philippines) are just beginning to invest in security, with spending rates expected to increase in the near future.