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Gartner: IT Security Spending to Reach $96 Billion in 2018

December 11, 2017

Identity access management and security services to drive worldwide spending growth.

Worldwide IT security spending is expected to climb 8% next year to $96.3 billion, fueled by investments in identity access management and security services – two areas on tap to rise faster than the overall spending growth rate, according to a Gartner report released this week.

Identity access management (IAM), the smallest slice in the overall IT security spending pie, is expected to jump 9.7% to $4.7 billion in 2018 over the previous year, the report states.

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