IDC expects APAC security market to hit US$1.7B by 2010

02.06.2006
According to results from IDC's Asia Pacific (excluding Japan) Semiannual Security Software Tracker, the security software market in Asia Pacific totalled US$805 millions in 2005, which represents a growth of more than 23 percent year-over-year.

Continued growth is expected in the security software market in the next five years, with India, PRC and Malaysia leading the growth, said IDC. However, Australia is expected to remain the largest market in the region in 2010.

IDC forecasts the Asia Pacific (excluding Japan) security software market to rise to US$1.7 billion by 2010, representing a CAGR of more than 15 percent.

According to the report, the secure content management market in 2005 achieved a growth of 34 percent over the previous year. It retains the majority share of the security software market in Asia Pacific, accounting for more than 57 percent of the market.

The security and vulnerability software market, which includes software that focus on allowing organizations to determine, interpret, and improve their risk posture, also experienced healthy growth in 2005.

However, IDC notes that the firewall/VPN and intrusion detection and prevention software markets experienced a much smaller growth.