IDC: A/P Security and Vulnerability Management Market to Grow Most in 2010

Taipei, Jan. 18, 2010 (CENS)--IDC Expects A/P Security and Vulnerability Management Market to Achieve Largest Growth in 2010 as Organizations Adopt Holistic Approach to Reduce Management Overheads.

Most information technology (IT) security markets in the Asia/Pacific excluding Japan (APEJ) region are expected to post strong double-digit growth in 2010 compared to 2009, according to figures recently released by the IDC Asia/Pacific.

According to the study, the largest growth will be in the IT Security and Vulnerability Management (SVM) market which is forecast to grow some 19% to US$115.44 million in 2010. The Secure Content and Threat Management (SCTM) market can expect an 18.4% growth with revenue forecast to reach US$1134.82 million in 2010 compared to 2009. The Identity and Access Management (IAM) market is estimated to grow by 15.2% to reach US$ 326.38 million.

The rise in the security market is fuelled by the increasingly sophisticated threats and management overheads facing each IT organization. The security landscape has been seeing new threats growing explosively in number and complexity - attacks that exploit the vulnerabilities of applications, insider sabotages, identity fraud and unauthorized access to corporate systems and networks, said Judy Wu, Research Manager for IDC Asia/Pacific Security Research.

At the same time, previous purchase and deployment of security products over the years have increased management and integration complexity. The excess workload due to the number of systems and applications that an IT organization needs to manage has forced companies to adopt advanced security tools to automate their operational requirements as much as possible.

IDC Asia/Pacific pointed out that the second half of 2009 has already shown signs of recovery when it comes to IT security spending. "The sentiment continues to improve and we are certainly seeing many activities in the industry during the past months," said Wu. "Moving forward, cost saving will still remain a key initiative in most enterprises. We expect companies to continue to find ways and leverage new security technologies such as policy and IT compliance suites, as well as vulnerability assessment and risk management products to increase management efficiency. When managing security goes beyond the traditional content security patterns, it will definitely boost growth in all areas of the security software markets."