Enterprise security costs to touch $1.7 bn as firms face skill shortage

Gartner says, information security spending in India to touch $1.7 billion in 2018

Enterprise information security spending in India is expected to touch $1.7 billion (around Rs 120 billion) in 2018, up 12.5 per cent from 2017 driven largely by a lack of skilled security professionals, says research firm Gartner.

Within this, security services market is expected to grow faster at 13 per cent to touch $1 billion in 2019 when the overall market will be $1.9 billion. This skills shortage  is also driving enterprises to spend more on security tools and services to cope with the demand.

“Skill shortages continue to persist although India is better placed than a lot of other regions. But