Information Security Services Remain Highly Competitive and Dynamic as Vendors Jockey for Share of $23 Billion Global Market Opportunity Forecast for 2006, IDC Reveals
FRAMINGHAM, MA – FEBRUARY 26, 2003 – The evolution of information security has brought to the market a plethora of services focused on consulting, implementation, management, response, education, and training. According to a new study published by IDC, the market remains highly fragmented among different providers of these security services. To better understand the shifts and positioning of vendors in the marketplace, IDC has profiled a cross-section of 30 service providers, ranging from systems integrators to pure-play security services firms. These vendors address security issues spanning a multitude of industries (e.g., financial services, government, and higher education) and company sizes.
IDC’s research reveals that over the course of the past year, information security services vendors have focused their efforts on broadening their portfolio of services, expanding the knowledge and expertise of their security professionals, and targeting industries with which their core competencies and skill sets are best aligned. Much of the alignment activity has occurred so each vendor is better positioned to capture its share of the $23 billion global market opportunity forecast for 2006.
"The market environment for information security services continues to be highly competitive as providers fight for mindshare and budget dollars," said Allan Carey, program manager, Information Security Services at IDC. "Educating existing and potential customers, and having subject matter expertise in targeted vertical markets are two elements we believe to be crucial for vendors seeking to gain competitive advantage or merely build upon their existing business strategy in the information security services market."
For those organizations that have been early adopters and invested in security policies, procedures, and technologies, the benefits and value-add provided by service providers are coming to fruition. However, IDC believes more needs to be done to strengthen the information security needs of other enterprises and public agencies.
This IDC study, The Shifting Landscape: U.S. Information Security Services, 2002, (IDC #28640), looks at a broad cross-section of information security services providers in the United States, providing in-depth research on the service offerings and business strategies of each of the following vendors: Accenture, @stake, AT&T Solutions, BearingPoint, Check Point Software Technologies, Cigital, Computer Sciences Corporation (CSC), Counterpane, Deloitte & Touche, EDS, Ernst & Young, Foundstone, Guardent, IBM Global Services (IBM GS), Internet Security Systems (ISS), NETSEC, Predictive Systems, PricewaterhouseCoopers (PwC), QinetiQ, Qualys, RedSiren, RSA Security, Sun, Symantec, TruSecure, Unisys, and VeriSign.
In addition, the study identifies aggregate supplier trends: IDC outlines the competitive landscape and provides analysis concerning how well each vendor is positioned for growth in the market. Finally, the study makes recommendations for competing in the information security services market and highlights the direction IDC expects this market will take in the future.
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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 www.idc.com.
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