eSecurity is Top of Mind for European Businesses, IDC Says

AMSTERDAM – JULY 5, 2001 – According to IDC, esecurity rose to the top of the corporate agenda in Europe last year due to cybercrime that shut down popular Web sites and spread viruses across business networks worldwide.

 

"The hype around esecurity issues is abating in Europe, but the real work of becoming truly secure still lies ahead for most European organizations, creating an incredible demand for security services," said Sandra Baccari Edler, senior research analyst in IDC’s European eInfrastructure Management Services program. "The market for security services in Europe is still highly fragmented and continues to evolve. Many new providers of security services have emerged in the past year, and existing players have repositioned themselves with the goal of capitalizing on the high demand for these hot services."

IDC forecasts spending on security services in Western European countries will reach roughly $2.1 billion in 2001 and grow to just over $4 billion in 2004.

According to IDC, several key trends will continue to shape the market in the coming years. "One of the most important trends we’re seeing in the European security services market is the surge in managed security services," Edler said. "Small and medium-size businesses (SMBs) are struggling to secure themselves without the benefit of in-house security experts and extensive IT budgets. In response, providers of security services are offering a variety of managed security services that provide 24×7 monitoring and/or management of the security elements of companies’ networks and systems. By paying a monthly subscription fee for these ongoing services, SMBs can enjoy round-the-clock security coverage that was previously out of their reach."

The European Security Services Market: A Primer (IDC#RI02H) offers a market segmentation and a competitive analysis of 12 players in the market, including the placement of these players on an IDC leadership grid, along with a breakdown of the primary security services each offers. Current trends and the challenges and opportunities providers face are also examined. In addition, IDC provides a country-level breakdown of the forecasted spending on security services in Western Europe in 2001. To purchase this report, contact Chad Eaton at 1-800-343-4952, extension 6972, or at ceaton@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 emea.idc.com.

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

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