IDC forecasts META security spending to reach $2.7B this year
According to the latest insights from IDC, spending on IT security in the Middle East, Turkey, and Africa (META) is set to cross the $2.7 billion mark this year, up 10.2% on 2018. The global technology research and consulting firm attributes this growth to the fact that security incidents are becoming far more complex and persistent, with a new breed of stealthy attackers using vulnerabilities in systems and even the Internet of Things (IoT) to bring down services.
“Digital transformation is becoming increasingly mainstream across the region, with emerging technologies such as cognitive systems, virtual and augmented reality, robotics, and IoT gaining traction,” says Megha Kumar, IDC’s research director for software in the META region. “Running alongside 3rd Platform solutions like cloud, mobile, social, and big data analytics, these innovation-accelerating technologies are creating a complex ecosystem that is beset by new IT security challenges. In this new era, security must become more pervasive. Organisations can no longer settle for standard solutions; they must move forward by embracing a proactive approach to the issues of defense, protection, mitigation, compliance, trust, and risk.”
The region-wide IDC Security Roadshow 2019 will address these issues and more when it gets underway in Istanbul on February 28. Spanning nine countries across the META region, the roadshow will present expert insights into the security metrics, threat vectors, and solutions that organizations should be scoping as they look to develop a sustainable security. Running under the theme of ‘Business Security: Risk & Resilience’, the IDC Security Roadshow 2019 has been designed as an information-sharing forum and networking platform for select groups of 80–100 senior security decision makers from the most prominent enterprises in each country.