Security Slideshow: SMB Data Security Spending Soars

By Don Reisinger  |  Posted 06-25-2012

$19 billion

SMBs worldwide spent more than $19 billion on security products and services in 2011.

$19 billion

10% CAGR

SMB spending on security products and services will increase at a compound annual growth rate of 10% through 2016.

10% CAGR

Cloud Security

Worldwide SMB spending on cloud security services accounts for nearly 17 percent of the overall cash doled out for security in 2011.

Cloud Security

24%

By 2016, cloud security will account for nearly one quarter of total SMB spending on security products and services worldwide.

24%

Mobility

So, what is driving the increase in spending? According to AMI, the "proliferation of mobile devices" is a going concern for SMBs that have been heavily influenced by BYOD.

Mobility

Social Media

Social media that make it easy for employees to "disseminate company data" is also a security concern for SMBs, says the AMI report.

Social Media

Easy to Deploy

SMBs are turning to cloud solutions to help them solve these issues because they tend to be easy to deploy and attractively priced, according to the AMI report.

Easy to Deploy

Lack of In-House Skills

SMBs are also choosing to outsource security services because they lack in-house technical resources and expertise, according to the AMI report.

Lack of In-House Skills