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The security technology and services market globally could reach $67.2 billion in 2013, up by 8.7% over 2012, according to a research firm.
In a new report, Gartner said mobile security, big data and advanced targeted attacks are the three main trends that were shaping the security market.
Ruggero Contu, research director at Gartner, said with security being one of the top IT concern areas, the prospect of strong continued growth was assured.
According to Enterprise Innovation, Gartner also said the amount of data required for information security to effectively detect advanced attacks and support new business initiatives could also rapidly grow over the next five years.
Regarding advanced targeted attacks, the company said mitigating such threats requires a defense-in-depth strategy across multiple security controls, the report added.
