ISS spending to hit US$23.5 billion

The outlook for information security services continues to be brighter than other areas of the IT industry, according to IDC. Specifically, the analyst house predicts that ISS spending will increase to more than US$23.5 billion.

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By  Matthew Southwell Published  April 29, 2003

The outlook for information security services continues to be brighter than other areas of the IT services industry, according to IDC. Specifically, the analyst house predicts that worldwide information security services (ISS) spending will increase to more than US$23.5 billion by 2007, representing a compound annual growth rate (CAGR) of 20.9%.

"Although numerous IT markets declined from 2001 to 2002, security spending remains a top priority in many organisations," says Allan Carey, program manager for information security services at IDC.

"Enterprises will increasingly look for a trusted partner that can help them understand their business risks and develop an enterprisewide program to achieve a higher level of security," he adds.

Other trends identified by the analyst house include the continued popularity of services that focus on improving return on investment (ROI) and making security more manageable, an increasing demand for wireless and application security solutions, and the sustained outsourcing of security strategy planning, application security testing, managed security services and business continuity.

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