The world continues to see rapid growth in demand for IT security solutions owing to the increasing deployment of IT-enabled business solutions. Businesses and corporate worldwide have been migrating from their conventional operations to IT-enabled solutions in order to increase their productivity and keep themselves updated with the rapidly changing IT trends. Rapid increase in Internet adoption and ever-increasing wave of online threats have also been fuelling the demand for IT security products and services worldwide.

According to our recent research report “Global IT Security Market Forecast to 2013”, growing concerns over IT security among all sized organizations helped the global market for IT security to grow in 2008 despite recession. Our report estimates the global IT security market to worth over US$ 54 Billion in 2008, which is further projected to grow at a CAGR of nearly 11%  during 2009-2013. Various factors that will drive the market have been thoroughly discussed in the report.

Our segment-level analysis identifies that the IT security software market continues to lead the global IT security market. This segment accounted for over 44% of the total IT security market in 2008. However, the future growth in the IT security market will be driven by the security services, representing a CAGR of around 13%, followed by the security appliances market with future CAGR pegged at around 12% over the forecast period.   

On the regional front, our report indicates that Asia-Pacific and Middle East regions will experience significant growth in their IT security market in coming few years. This growth will be driven by the rapidly growing Internet adoption and surging demand for IT-enabled business solutions in countries like India, China and the GCC region.

“Global IT Security Market Forecast to 2013” gives detailed analysis on the IT security market worldwide in terms of IT security appliances, IT security software and IT security services. Each section pithily explains the current and future market trends in the global IT security market. The report also gives a concise overview of the IT security market on country level, presenting future forecast of each country’s IT security industry, besides it sheds light on the key players in the industry.