The Australian and New Zealand security market is set to grow, with analyst firm IDC predicting it will reach a value of more than US$1.6 billion by 2011.
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"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.
According to IDC's research, the key drivers for this market growth will be:
- increased complexity of security threats
- uptake of new 'business enabling' technologies such as mobility, virtualisation and Web 2.0
- pressure from government and industry regulations, and
- corporate governance concerns.
The findings were published in the firm's report, Australia and New Zealand Security Solutions 2H 2007 Forecast Update, 2007-2011.
"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.