Compliance headaches spawn new market

News Analysis

Compliance headaches spawn new market

Regulatory pressure for firms to tighten their security policies has spawned a new market – security compliance and control (SCC), says market analyst IDC.

IDC classes identity and access management, security and vulnerability management, content control under the SCC banner. The company says that this type of security compliance services will be worth $7.4bn worldwide this year.

“Executives are pushing for compliance to protect themselves from security threats, but also to avoid personal liability and the possibility of criminal and/or civil penalties,” says Rose Ryan, a security compliance and vulnerability management research analyst at IDC.

IDC points out that SCC solutions can help reduce leakage of confidential information and intellectual property as well as tackle compliance.

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