VIEWS: 2 PAGES: 3 CATEGORY: Computers POSTED ON: 7/14/2010
"We've haven't seen a major impact on security programs," says John Pescatore, Gartner VP and research fellow. "I'm not seeing that the economy caused drastic budget cuts."
IT budgets N o single market can claim immu- history, the IT security industry pulled “Overall, the portion of the IT opera- nity from the global ﬁnancial through relatively unscathed, according tional budget devoted to security has meltdown that has crippled the to experts. In some verticals, the space risen by about ﬁve percent since 2007,” United States in a way not seen since the actually has ﬂourished. So, it is no won- says David Foote, CEO, Foote Partners, Great Depression. der that security professionals are looking an IT research ﬁrm. “Companies have But there are exceptions to rules – at 2010 with optimistic eyes. ﬁnally gotten a little more religion about at least partial ones – and few would “We’ve haven’t seen a major impact on the fact that security is a threat to their dispute that given the sophisticated security programs,” says John Pescatore, product brand. It’s costing companies a threat landscape and ongoing compliance Gartner VP and research fellow. “I’m not lot more when there are breaches.” demands, IT security is being seen as a seeing that the economy caused drastic It would be foolish, however, to business essential. budget cuts.” consider 2009 an across-the-board suc- Some 17 months removed from the This is attributable to the growing cess. After all, IT budgets have fallen Lehman Bros. collapse, which marked recognition that robust IT security can on average of about three percent, year the largest bankruptcy ﬁling in U.S. offer mitigation. over year. Barton Stabler Considering the economic climate, 2009 was not terribly gloomy for the IT security space, and 2010 looks even better, reports Dan Kaplan. I.T. WILL 30 SC • February 2010 • www.scmagazineus.com For instance, through conversations Admittedly, though, some markets are analysis ﬁrm. That is because agencies with his clients, Pescatore has observed doing better than others. For example, are waking up to the fact that foreign a number of occasions when organiza- 2009 served as a wake-up call for the adversaries, possibly government- tions de
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