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Solid growth ahead for security products and service

According to IDC, worldwide spending on security products and services will enjoy solid growth over the next five years as organisations continue to invest in solutions to meet a wide range of security threats and requirements.
Services will receive the largest share of security spending in 2019 with more than $47 billion going toward managed security services, integration services, consulting services, and IT education and training. Services will also have the fastest spending growth with a five-year CAGR of 11.2%. Software will be the second largest area of spending in 2019 with nearly  $38 billion being allocated to a range of products, including endpoint security software, identity and digital trust software, and security analytics, intelligence, response and orchestration software. Hardware spending will be more than $21 billion this year with much of that total going to network security products.
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