Security Budgets are Rising, But is it Enough?

GlobalDots
1 Min read

A majority of companies (54 percent) are worried that they will soon outgrow their security solutions, according to Threat Stack. While budgets are expected to increase by 19 percent over the next two years, organizations are struggling with a disconnect between security and DevOps and are facing difficulties in determining where to allocate this budget in the face of rapidly evolving infrastructure.

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With less than half of their infrastructure remaining on-premise (41 percent), businesses are increasingly making significant migrations to infrastructure-as-a-service (IaaS) (25 percent), platform-as-a-service (PaaS) (17 percent), and containers (10 percent). This is one of the primary reasons why respondents indicated that their top two budget investments in 2019 will be directed at cloud workload security and intrusion detection systems (IDS).

Security budgets are expected to grow by an average of 19 percent within the next two years to an average of roughly $773,000. But more than 90 percent of respondents also report that they face significant challenges related to budget allocation, with:

  • 53 percent saying it is difficult to choose a security solution that is both scalable and within their budget.
  • 39 percent reporting struggles evaluating security vendors and defining how each security element impacts business risk.
  • 31 percent reporting that different departments and areas of the business control their own security budget, which makes it difficult to execute on an overall business strategy.

As a result, despite organizations devoting additional resources to security, 32 percent believe their cloud security processes need significant improvements.

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Read more: Help Net Security

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