IDC: Security services to hit $21B in 2005

The worldwide market for information security services will nearly triple to US$21 billion by 2005, up from about $6.7 billion in 2000, according to new research released Thursday by International Data Corp. (IDC)The boom in the market will be driven by corporate desires for wireless access, extranets and remote networks because new and greater security services will be needed to secure those technologies, the study said.

The financial services industry, with its emphasis on reliability and speed, as well as its need to conform to government regulation, will be the leading customer for these services, spending $2.2 billion, IDC said. Financial services companies spent $848 million on such services in 2000, the study said. Small businesses, because of their projected rapid uptake of high-bandwidth technologies, will also be another major area for information security services, the research found.

IDC also sees the market for these services growing particularly fast in the Asia/Pacific, Latin American and western European regions. The Asia/Pacific market, driven by Internet adoption in mobile phones and other devices, as well as the spread of cybercafes, will account for a large chunk of the market at nearly 30 percent, IDC said.

IDC is a subsidiary of International Data Group Inc., the parent company of IDG News Service.

Join the PC World newsletter!

Error: Please check your email address.

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Sam Costello

Computerworld
Show Comments

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?