Emerging threats keep security market booming
Emerging threats keep security market booming
July 24, 2007: With an evolving, sophisticated threat landscape alongside emerging business enabling technologies and increasing compliance pressures, the Australian New Zealand security market looks healthy, and set to hit the US$1.6 billion mark by 2011.
According to a study by IDC, the vendor and service provider security market look set to enjoy growth at a double-digit compound annual growth rate. With organisations under increasing pressure to lower their costs, improve operational efficiencies and manage risk while at the same time battling a constantly evolving security landscape, IDC forecasts strong growth opportunities for security providers.
However while the security vendors are still climbing the ranks to deliver their solutions to local organisations, Bihammar still believes it’s still up to people to stand as the first line of defence in protecting the front.
“Ultimately it comes down to people and processes,” he says. “The security solutions are merely tools that help for example, to automate and enforce some of these processes, but they will not be effective without the appropriate processes and procedures in place.”
A good majority of security blunders come down to human error, that can in many cases, be avoided with better processes and staff education. However it’s the combination of good solutions and processes that is the key to protecting and controlling what’s breaking in (like malware) and out (like intellectual property) of the organisation’s perimeter.
“To achieve this, the right processes and policies need to be in place, but also solutions that help enforce these,” says Bihammar.
But with their processes in order, end-users will still be demanding lower cost, easy to manage and well-integrated solutions to tighten their security. “This provides a challenge for security solution providers that need to continue to develop new technologies, business models and strategies to be successful in this highly-competitive market,” says Bihammar.