Survey: Security is top spending priority of CIOs in 2015

New York -- For the second consecutive year, security ranks as the top spending priority of CIOs in an annual survey by PiperJaffray, with 75% of respondents expecting to increase spending in 2015, up from 50% last year.



The results reflect Network (firewall) and endpoint security were the top two segments of the market expected to see an increase in spending.



Mobile ranked as the second greatest priority, with 62% of respondents expecting to increase their spending in 2015. Off-premise enterprise software (59%), storage (51%) and servers (45%) rounded out the top five 2015 spending priorities.



In other results, as 65% of respondents expect to increase spending on IT hardware at least 2%, versus 66% and 53% in the firm’s respective 2014 and 2013 surveys. On average, the survey yields a forecasted annual IT budget growth rate in 2015 of 2%-3%.



The annual PiperJaffray CIO Survey surveyed CIOs across eight industries, with the technology, retail and restaurant industries most represented.