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
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
Scott Bekker is editor in chief of Redmond Channel Partner magazine.