Security software a US$1bn market by 2007 - IDC
Security software a US$1bn market by 2007 - IDC
Analyst group IDC have estimated that the market for security software will balloon to US$1 billion a year by 2007, reflecting a 17.2 per cent compound annual growth rate (CAGR).
According to its recent report, Asia/Pacific excluding Japan Security Software Market Update, 2001-2007, the security software market totalled US$473.7 million in 2002, an increase of 10.4 per cent from 2001.
"2002 proved to be a banner year for the Secure Content Management and Intrusion Detection & Vulnerability Assessment (ID&VA) markets, with SCM revenues exceeding IDC's forecast in mid-2001; while the Firewall/VPN and Security 3A markets posted lacklustre performance, owing to high saturation levels across many organisations throughout Asia/Pacific," said Vivian Tero, Market Analyst for Infrastructure Software at IDC. "However, there were bright spots in countries like Thailand, which is attempting to establish itself as a new financial hub of South East Asia."
IDC expects identity management and web services security, with their broad consumption of 3A technologies, to revitalise the Security 3A market. Identity management will be the basis for web services, with Security 3A vendors already starting to reposition themselves as identity management vendors.
Although most enterprises have fully deployed anti-virus protection, the prevalence of instant messaging and spam, as well as the increasing incidence of blended threats, will continue to drive demand for secure content management products.
IDC also predicts that by 2007, the largest markets for security software in Asia Pacific excluding Japan will be Greater China, ANZ, Korea and ASEAN with a combined market share of 95 per cent. The Rest of Asia Pacific (excluding Japan) (ROAP) followed by India, Greater China, and ASEAN, will post the most aggressive growth rates.
Related Article: