IT Spending to Increase in 2019 Due to Focus on Security

IT Spending to Increase in 2019 Due to Focus on Security

Businesses will be allocating more funds to their IT sector next year, with most of the budget going to cybersecurity measures.

Businesses will be allocating more funds to their IT sector in 2019, with most of their budgets being used for cybersecurity measures, according to a new report from Tech Pro Research.

According to the poll, more than half of organizations will be dedicating more funding to IT. According to almost two thirds of respondents (63 percent), cybersecurity is their biggest concern, followed by cloud services (48 percent) and internal employee training (44 percent).

One of the main motivations behind the increase in spending is new technologies that can transform the organization and improve business results are exciting workers and managers alike. However, businesses expect faster and higher ROI for their purchases.

Globally, IT spending this year is expected to hit $3.7 trillion. Most of the funding goes to new devices like computers, tablets and smartphones.

"The device market continues to see dual dynamics. Some users are holding back from buying and those that are buying, are doing so, on average, at higher price points," Garter analyst, John-David Lovelock said.

 

About the Author

Sydny Shepard is the Executive Editor of Campus Security & Life Safety.

Featured

New Products

  • Camden CM-221 Series Switches

    Camden CM-221 Series Switches

    Camden Door Controls is pleased to announce that, in response to soaring customer demand, it has expanded its range of ValueWave™ no-touch switches to include a narrow (slimline) version with manual override. This override button is designed to provide additional assurance that the request to exit switch will open a door, even if the no-touch sensor fails to operate. This new slimline switch also features a heavy gauge stainless steel faceplate, a red/green illuminated light ring, and is IP65 rated, making it ideal for indoor or outdoor use as part of an automatic door or access control system. ValueWave™ no-touch switches are designed for easy installation and trouble-free service in high traffic applications. In addition to this narrow version, the CM-221 & CM-222 Series switches are available in a range of other models with single and double gang heavy-gauge stainless steel faceplates and include illuminated light rings.

  • Compact IP Video Intercom

    Viking’s X-205 Series of intercoms provide HD IP video and two-way voice communication - all wrapped up in an attractive compact chassis.

  • Luma x20

    Luma x20

    Snap One has announced its popular Luma x20 family of surveillance products now offers even greater security and privacy for home and business owners across the globe by giving them full control over integrators’ system access to view live and recorded video. According to Snap One Product Manager Derek Webb, the new “customer handoff” feature provides enhanced user control after initial installation, allowing the owners to have total privacy while also making it easy to reinstate integrator access when maintenance or assistance is required. This new feature is now available to all Luma x20 users globally. “The Luma x20 family of surveillance solutions provides excellent image and audio capture, and with the new customer handoff feature, it now offers absolute privacy for camera feeds and recordings,” Webb said. “With notifications and integrator access controlled through the powerful OvrC remote system management platform, it’s easy for integrators to give their clients full control of their footage and then to get temporary access from the client for any troubleshooting needs.”