Posted on Monday, April 28th, 2008 at 2:43 pm
Security Boom Over Next Three Years
Reseller News
According to forecasts by research firm IDC, the local security software and appliances market will have a compound annual growth rate of more than 13 percent through to 2011.
Issues such as the evolving and sophisticated threat landscape and pressure from government regulation will drive demand, the company states.
Patrik Bihammar, Sydney-based IDC senior analyst for security solutions and system management software, says the predicted growth will also be driven by local uptake of new business technology to operate leaner and more efficiently.
“There is always a challenge if it’s new technology that an organization is keen to get the benefits. But it’s often the case that security becomes an afterthought and it’s not until a company has a specific problem that it actually reacts. I think that’s going to drive a lot of uptake in security.”
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