IT security is fast-becoming a bigger issue worldwide. eSecurityPlanet explains why and what segments of security software are seeing the biggest growth.
Market researcher IDC predicts security software sales in the Asia-Pacific region will surge by double digits in 2010 as enterprise customers loosen their purse strings to safeguard their most sensitive and business-critical data.
According to study data released last week in IDC’s Asia/Pacific Semiannual Security Software Tracker report, the security and vulnerability management (SVM) sector will see an increase of at least 19 percent this year — the biggest move among security applications in the region.
Secure content and threat management applications (SCTM) is expected to jump 18.4 percent to more than $1.13 billion in the Asia-Pacific region while identity and access management (IAM) software is pegged for a 15.2 percent increase to just over $326 million.
“The rise in the security market is fueled by the increasingly sophisticated threats and management overheads facing each IT organization,” IDC analyst Judy Wu said in a statement included in the report.