NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2010/08/17 - Although the global IT security market is expected to grow at a CAGR of 11% during 2010-2013, the IT security services market will grow at a CAGR of 14% in the same period, says RNCOS.
According to our new research report “Global IT Security Market Forecast to 2013”, With the increasing Internet usage and e-commerce activities, increasing dependence on wireless and mobile computing, and growing threat perception among Small and Medium Businesses (SMBs) across the globe, spending on IT security products and services have witnessed exponential growth. Moreover, companies expanding businesses around the world will need to align with global regulations and best IT standards. This will further fuel demand for IT security solutions worldwide in future. After doing an extensive research and in-depth analysis of the global IT security market, we expect that global IT security market will grow at a CAGR of around 11% during 2010-2013.
Our research report further reveals that the security services segment will be the fastest growing segment of the IT security market. At present, the global IT security market is dominated by security software but in future, rolling out of new services such as e-finance, e-banking and e-government in emerging nations such as China, India, Singapore, Malaysia and GCC will create huge demand for security services. As per our estimations, the security services market is expected to reach around US$ 44 Billion by 2013 at a CAGR of around 14% since 2010.
Further, the report has identified the Americas as the largest security services market, followed by EMEA (Europe, Middle East and Africa) and Asia-Pacific. However, in terms of growth, Asia Pacific and Middle East countries are expected to experience high growth in their security services markets. Factors, which will spur growth in theses region, have been extensively discussed in the report.
"Global IT Security Market Forecast to 2013" provides an overview of the current and future scenario of the global IT security market. Apart from security services, the report provides market overview and current trends in other security segments, including IT security software and IT security appliances. The segmentations and future forecast of each segment has been covered in the report.
The report also studies the impact of recession on IT and IT security market by country. Besides, it sheds light on the key players in the IT security industry.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.