Recent Press Releases
04/29/2003

IDC Sees Favorable Outlook for Information Security Services

FRAMINGHAM, MA – APRIL 29, 2003 – The outlook for information security services continues to be brighter than other areas of the IT services industry, a recent report from IDC reveals. Specifically, IDC predicts that worldwide information security services (ISS) spending will increase to more than $23.5 billion by 2007, representing a compound annual growth rate (CAGR) of 20.9%. However, security service providers must work harder and demonstrate differentiated value in order to gain passage into the enterprise.

 

"Although numerous IT markets declined from 2001 to 2002, security spending remains a top priority in many organizations," said Allan Carey, program manager for Information Security Services at IDC. "Enterprises will increasingly look for a trusted partner that can help them understand their business risks and develop an enterprisewide program to achieve a higher level of security."

Among key trends driving the increasing demand for ISS, the following are presented in this report:

Continued popularity of services that focus on improving return on investment (ROI) and making security more manageable.

Increasing demand for wireless and application security solutions, including assessments, architecture design, and implementation.

Sustained outsourcing of security strategy planning, application security testing, managed security services, and business continuity, disaster recovery, and incident preparedness.

The IDC study, Worldwide and U.S. Information Security Forecast, 2003-2007 (IDC #29004), presents the five-year forecast for the U.S. and worldwide markets for information security services. While the worldwide forecast is segmented by region, the U.S. forecast is presented by services segment, including consulting, implementation, management, and training. This document also discusses the assumptions related to market forces and explains the impact of these forces on the forecast. Lastly, the document analyzes the future outlook for the security services market and provides essential guidance for vendors looking to compete in this space.

To purchase this document, call IDC's sales hotline at 508-988-7988 or email sales@idc.com.

For additional information about IDC’s Information Security Services research, please contact Virginia Lehr at 508-935-4188 or email at vlehr@idc.com.

About IDC

IDC is the foremost global market intelligence and advisory firm helping clients gain insight into technology and ebusiness trends to develop sound business strategies. Using a combination of rigorous primary research, in-depth analysis, and client interaction, IDC forecasts worldwide markets and trends to deliver dependable service and client advice. More than 700 analysts in 43 countries provide global research with local content. IDC’s customers comprise the world's leading IT suppliers, IT organizations, ebusiness companies, and the financial community. Additional information can be found at www.idc.com.

IDC is a division of IDG, the world’s leading IT media, research, and exposition company.

 

# # #

All product and company names may be trademarks or registered trademarks of their respective holders.

I want to learn more about IDG

Please complete all fields below.

Recent Press

04/17/2018
IDG Communications Launches Channel Asia
Recent Press Releases