IDC Sees Favorable Outlook for Information Security Services
FRAMINGHAM, MA – APRIL 29, 2003 – The outlook for information security services continues to be brighter than other areas of the IT services industry, a recent report from IDC reveals. Specifically, IDC predicts that worldwide information security services (ISS) spending will increase to more than $23.5 billion by 2007, representing a compound annual growth rate (CAGR) of 20.9%. However, security service providers must work harder and demonstrate differentiated value in order to gain passage into the enterprise.
"Although numerous IT markets declined from 2001 to 2002, security spending remains a top priority in many organizations," said Allan Carey, program manager for Information Security Services at IDC. "Enterprises will increasingly look for a trusted partner that can help them understand their business risks and develop an enterprisewide program to achieve a higher level of security."
Among key trends driving the increasing demand for ISS, the following are presented in this report:
Continued popularity of services that focus on improving return on investment (ROI) and making security more manageable.
Increasing demand for wireless and application security solutions, including assessments, architecture design, and implementation.
Sustained outsourcing of security strategy planning, application security testing, managed security services, and business continuity, disaster recovery, and incident preparedness.
The IDC study, Worldwide and U.S. Information Security Forecast, 2003-2007 (IDC #29004), presents the five-year forecast for the U.S. and worldwide markets for information security services. While the worldwide forecast is segmented by region, the U.S. forecast is presented by services segment, including consulting, implementation, management, and training. This document also discusses the assumptions related to market forces and explains the impact of these forces on the forecast. Lastly, the document analyzes the future outlook for the security services market and provides essential guidance for vendors looking to compete in this space.
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