IDC Study Predicts Huge Boom in Security Market
The market for IT security will explode at a rate of 1,400 percent in the next four years, according to the findings of a new IDC study released this week.
The study, released by Content Technologies, a content security provider in Berkshire, England, predicted worldwide revenues for security-related commodities will grow from $66 million last year to $952 million by 2004. IDC researchers focused their analysis on two segments of this expanding market: email/Web content scanning and malicious mobile code management.
“The IDC report defines the full depth and breadth of the content security market for the first time,” said Walter Boos, president of Content Technologies. “For a long time it has been obvious that content security is much more than just stopping viruses or blocking Web sites. This report underpins the need for solutions that help businesses protect themselves against all content security threats to the integrity of their business and IT network.”
According to the analysts, the extraordinary growth of this market is expected to be driven by the concerns about protecting intellectual property that develop as companies’ e-mail and Internet traffic and content grows increases in volume and complexity. The increasing number of ASPs providing these services will also contribute to the rate of growth, IDC predicts. Researchers estimated subscriptions for those services will comprise approximately 30 percent of these ASP market by 2004, up from two percent last year.
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Related Information:Content Technologies (new window)