Gartner has predicted in a forecast that global spending on information security will reachÂ $76.9 billion by 2015, up 7.9 percent from the firm’s recorded figure for 2014,Â George Koroneos of Verizon said Tuesday.
The research firm said atÂ a summit in Australia that businesses are increasing their information security investments due to the rise in adoption ofÂ cloud computing, mobile technology and social activity.
Lawrence Pingree, a Gartner research director, told event audiences that cyber threats are growing as newÂ technologies are being introduced intoÂ business networks.
Gartner also predicted that nearly 10 percent of security tools will be offered via a cloud platform in 2015.
More than 50 percent of enterprises will tap into third party security companies for network management services by 2018, according to the forecast.
Mobile security will also become the new norm overÂ the next four years, Gartner said.