The security solutions market in Australia and New Zealand will grow to be worth more than $US1.6 billion by 2011, according to forecasts by IDC.
"New business enabling technologies are being adopted by organisations trying to lower costs and improve operational efficiency. These pressures are coupled with constantly evolving security threats and emerging technologies," said IDC's senior analyst for security solutions in ANZ, Patrik Bihammar.
IDC found the key market issues driving demand are the constantly evolving and increasingly sophisticated threat landscape, higher usage of new business enabling technologies (such as mobility, wireless networks, VoIP, virtualisation, Web 2.0, and Web services), pressure from government and industry regulations, and corporate governance concerns.
IDC also identified key market developments such as the need for stronger information protection and control, the rise of Web 2.0 threats and continuing consolidation in the security market.
"Organisations in ANZ will need to continue to invest in IT security to maintain their security and risk posture and protect their assets and information against increasingly sophisticated threats targeting the core of any business, its information and intellectual property," said Bihammar.
Len Rust is publisher of The Rust Report.