The market is expected to reach $86bn in 2016
The rise in deployment of technologies to improve overall security of companies will drive the global security technology and services market to $67.2bn in 2013, up 8.7% year-over-year, according to a new report from Gartner.
"The consistent increases in the complexity and volume of targeted attacks, coupled with the necessity of companies to address regulatory or compliance-related issues continue to support healthy security market growth," Contu said.
Gartner research director Eric Ahlm said: "To support the growing need for security analytics, changes in information security people, technologies, integration methods and processes will be required, including security data warehousing and analytics capabilities, and an emerging role for security data analysts within leading-edge enterprise information security organisations."
Over the next five years, the amount of data required for information security to efficiently identify advanced attacks and, simultaneously, support new business initiatives, will grow rapidly.
Gartner research director Lawrence Pingree said that mitigating the threat from advanced targeted attacks (ATA) requires a defence-in-depth strategy across multiple security controls.
"Enterprises should employ a defence-in-depth, layered approach model," Pingree said.
"Organisations must continue to set the security bar higher, reaching beyond many of the existing security and compliance mandates in order to either prevent or detect these newly emergent attacks and persistent penetration strategies.
"This layered approach is typical of many enterprise organisations and is often managed in independent ways to accomplish stated security goals, namely, detect, prevent, respond and eliminate."