IDC expects security solutions investment to more than double by 2008 in Asia Pacific (excluding Japan)

IDC expects the Asia Pacific (excluding Japan) security solutions market to increase from US$1.9 billion in 2003 to US$4.9 billion in 2008. This represents a five-year compound annual growth rate of 21.1 percent.

As Internet usage matures, along with the growing adoption of e-commerce in the Asia Pacific region, Internet and network security has risen to become the number one priority both in terms of strategic initiative and investment for the corporate enterprise, explains IDC. Regardless of market segments, organisations are increasingly deploying proper security solutions and policies and employing best practices to maintain business continuity and protect valuable corporate assets.

"Business continuity, risk reduction, regulatory compliance and increased operational efficiency are the multitude of benefits that a well-rounded security solution can provide for a growing business." said Robin Giang, research manager, IT Investment and Strategy Research. "Regardless of business size or vertical market segmentation, security investment is a pre-requisite for any business operating in the e-business realm now as well as in future. From this perspective, the greater peril lies with laggards rather than early, progressive adopters of security."

To purchase IDC’s ‘Asia/Pacific Security Solution Spending 2004-2008 Forecast’ (Doc# AP381228L), please contact Selina Ang at tel: +65-6228-7717 or sang@idc.com

•Date: 19th October 2004 • Region: Asia Pacific •Type: Article •Topic: BC markets
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