Worldwide Spending on Security Solutions Forecast to Reach $91 Billion in 2018, According to a New IDC Spending Guide

Managed security services (single-tenant solutions operated by third-party providers and residing on the customers’ premises) will be the largest technology category in 2018 with firms spending nearly $18 billion for these services. In addition, managed security services will be the largest category of spending for each of the top five industries this year. The second largest technology category in 2018 will be network security hardware, followed by integration services and endpoint security software. The technology categories that will see the fastest spending growth over the forecast will be managed security services (14.7% CAGR), network security hardware (11.3% CAGR), security and vulnerability management software (10.9% CAGR), and network security software (10.7% CAGR).

Pinnacle Technology Partners (PTP) is poised for substantial growth in its managed IT services for life sciences, including Managed Security through its PeakPlus SECURE offering. The company has made significant investments in the sales, delivery, and support of Cisco and other technologies to provide proactive monitoring, management, threat detection and remediation of clients’ cloud infrastructures, network environments, and security posture.

With a 24x7x265 NOC; a staff of ITIL® Foundation-trained CCNAs, CCNPs and CCIEs; dozens of enterprise clients; and new technology certifications, PTP is ready to meet increasing customer demand for IT services for life sciences. For more information on the PeakPlus Suite of services, please contact Gary Derheim.

PTP logo with the tagline "Infinite Innovation" on a light gray background, symbolizing the company's rebranding and focus on cloud services.About PTP
PTP is a leading IT provider for life sciences companies, delivering secure, scalable, and compliant technology solutions for biotech, clinical research, and healthcare organizations. As an AWS Advanced Tier Consulting Partner with the Life Sciences Competency, PTP specializes in managed IT services for life sciences, including cloud migration, FinOps, DevOps, cybersecurity, and managed cloud services for life sciences.

Through its PeakPlus™ platform, PTP offers comprehensive biotech IT support and life sciences IT support tailored to genomics, data science, and regulated research environments—supporting everything from HIPAA and GxP compliance to IT infrastructure for biotech startups and clinical trials. Based in Boston, PTP helps the world’s most innovative life sciences companies reduce costs, meet compliance goals, and accelerate discovery.

Media Contact:

Gary Derheim
VP, Marketing & Business Development
marketing@ptp.cloud