Author: dsellers

Worldwide spending on industry cloud in the finance industry (banking, insurance, and securities and investment services combined) is expected to reach $3.2 billion in 2017, which represents an increase of 26% over 2016, according to the International Data Corporation (IDC) Worldwide Semiannual Industry Cloud Tracker. IDC (www.idc.com) expects the amount to more than double in 2021, amassing total worldwide spending of $7.2 billion.

The worldwide IT security market maintained momentum in Q3 2017, growing 9% to reach US$8.0 billion, according to the latest Canalys (www.canalys.com) estimates.

“High-profile ransomware attacks and increasingly sophisticated phishing techniques have proved the need for businesses to reinforce their IT security to safeguard data assets and ensure continuity of operation,” said Claudio Stahnke, analyst at the research group.

Content security was the fastest-growing segment, with investment up 13% year on year. Network security grew 8%, while security management increased 5%.

New data from Juniper Research (www.juniperresearch.com) has found that SVOD (Subscription Video on Demand) services, provided by the likes of Netflix and Amazon, will drive a surge in OTT [over-the-top] revenues to reach $120 billion in 2022, up from $64 billion in 2017.