Security Software Market In Asia Pacific
Tuesday, January 26, 2010
As most economic figures point to a smooth recovery, the outlook for the IT security industry in 2010 is expected to be optimistic in 2010. According to the figures recently released in the IDC Asia/Pacific Semiannual Security Software Tracker, most security markets in the Asia/Pacific excluding Japan (APEJ) region are expected to post strong double-digit growth in 2010 compared to 2009. According to the study, the largest growth will be in the Security and Vulnerability Management (SVM) market which is forecast to grow some 19% to US$115.44 million in 2010. The Secure Content and Threat Management (SCTM) market can expect an 18.4% growth with revenue forecast to reach US$1134.82 million in 2010 compared to 2009. The Identity and Access Management (IAM) market is estimated to grow by 15.2% to reach US$ 326.38 million.
“The rise in the security market is fuelled by the increasingly sophisticated threats and management overheads facing each IT organization. The security landscape has been seeing new threats growing explosively in number and complexity – attacks that exploit the vulnerabilities of applications, insider sabotages, identity fraud and unauthorized access to corporate systems and networks. Regulatory compliance requirement is also a significant driver for security solutions. Companies are required to align with international regulations, standards and best practices when collaborating with business partners around the world. Many of these companies have turned to SVM products to establish a security management framework for various compliance requirements such as policy compliance, log archiving and auditing,” said Judy Wu, Research Manager for IDC Asia/Pacific Security Research. At the same time, previous purchase and deployment of security products over the years have increased management and integration complexity. The excess workload due to the sheer number of systems and applications that an IT organization needs to manage has forced companies to adopt advanced security tools to automate their operational requirements as much as possible. The SVM segment is a key growth area across Asia/Pacific as companies turn to SVM’s capabilities – such as patch management, policy enforcement and security incident analysis and management – to reduce complexity and increase management efficiency…..