News
IDC: Information Security Market to Exceed $8B by 2004
- By Scott Bekker
- November 30, 2000
The worldwide market for security consulting,
implementation, management, and training services will increase at a compound
annual growth rate (CAGR) of 26 percent, from $5.5 billion in 1999 to $17.2 billion
in 2004, according to a new study from
IDC.
The U.S. market will represent nearly half the worldwide spending total,
accelerating from $2.8 billion to $8.2 billion in the same time frame.
In the United States, IDC believes that managed security
services and security education and training will drive much of the spending.
The 1999-2004 CAGRs in these two segments are forecast to reach 28 percent and
26 percent, respectively. By comparison, the U.S. total CAGR is expected to be
24 percent.
Outside the U.S., Asia/Pacific is expected to be one of the
fastest-growing regions for information security services. Demand is expected
to increase at a 30 percent CAGR from 1999 to 2004.
The IDC report, Information Security Services Worldwide
Market Forecast and Analysis, 1999-2004, describes the worldwide market for
information security consulting, implementation, management, and monitoring,
and education and training services across seven global regions. – Isaac Slepner
About the Author
Scott Bekker is editor in chief of Redmond Channel Partner magazine.