Network Security Spend Expected To Rise By 20%

Cisco has released a set of results from an additional international study examining mobile workers’ security behaviour with regard to corporate security and its impact on businesses, revealing widespread plans to increase security spending by as much as 20% next year to protect expanding wireless networks and the growing numbers of mobile employees who access them.

The latest research builds on findings released earlier spotlighting the growing trend of mobile employees and how their security behaviuor can heighten risks for business’ IT organisations. While the previous findings involve more than 700 mobile employees in seven countries where wireless and mobility technologies are widely adopted, the additional findings reveal spending plans and business drivers for more than 700 IT decision makers who work in those same nations: the United States, United Kingdom, Germany, China, India, South Korea, and Singapore.

The global study conducted by InsightExpress, explores what’s driving IT to invest more heavily in securing connected business infrastructures. Their plans are driven by various business trends, such as regulatory compliance and strategic mobility initiatives, as well as the greater risks associated with increased collaboration among customers, vendors and partners.

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With behavioural security implications as a backdrop, more than half of the IT decision makers surveyed (55%) do not believe that the frequency of threats will decline. As a result, 74% said security spending will increase over the next fiscal year in an effort to accommodate growing wireless and mobility requirements. Almost half (46%) expect investments to increase by more than 10%, and 9% expects spending to jump 20% or more.