The market for IT security products and services in Asia-Pacific will expand
15.5 per cent per year to reach $5.9bn by 2011, and broadband adoption in China
will be a key driving factor, new forecasts predict.
"The potential in China's security solutions market is underpinned by the
large number of companies starting to build out IT infrastructure, and rapidly
increasing broadband internet adoption," said Willie Low, a senior market
analyst at IDC.
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Low predicts that security vendors will be earning 30 per cent of their
Asia-Pacific revenues in China by 2011, up from 22 per cent now.
The growing market will knock Australia, the current security sales leader,
into second place, while Korea, India and New Zealand will enter the top five
sources of IT security revenue in the region.
IDC's definition of Asia-Pacific excludes Japan, a considerably larger market
than any other in the region.
"Ubiquitous use of IT for daily work, the increasing reliance of business
operations on IT, and the quickening pace of rolling out new applications and
systems, all add to the risk of security breaches," said Low.
"These factors are driving enterprises to continue investing in IT security,
and IDC recommends buyers to take the data-centric approach when designing the
security framework, as information assets are often the crown jewels of an
organisation."
However, Low warned that, despite the risks, firms in the region still tend
to have a reactive rather than proactive attitude to security, presenting a
challenge to vendors.
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