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

Essentials

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

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.

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?