IT Security Market Set to Boom in Coming Years

Noida, UP India (PressExposure) February 24, 2011 -- Demand for IT security products and services have been witnessing exponential growth for the past few years, owing to the increasing deployment of IT-enabled business solutions. According to our recent research report "Global IT Security Market Forecast to 2013", amid global economic slowdown, growing concerns over IT security among all sized organizations helped the IT security to grow positively during 2008 and 2009. In future also, it is expected to show strong growth. According to our estimates, the global IT security market will grow at a CAGR of around 12% during 2010-2013.

We have found that the increasing Internet usage & e-commerce activities, rising dependence on wireless & mobile computing, and growing threat perception among Small and Medium Businesses (SMBs) across the globe have led to the growth in the global IT security market. Moreover, companies expanding business around the world need to align with global regulations and best IT security standards. Due to this, the demand for IT security products and services are growing fast.

At the regional front, our report indicates that the Asia-Pacific and the Middle Eastern regions will experience significant growth in their IT security market in coming years. This growth will be driven by the rapidly growing Internet adoption and surging demand for IT-enabled business solutions in countries, such as India, China, and the GCC region. By providing brief overview of the IT market at the global as well as country level, the report thoroughly studies the importance of IT security market in all the countries covered.

"Global IT Security Market Forecast to 2013" presents detail analysis on the IT security market worldwide in terms of IT security appliances, IT security software, and IT security services. Each section succinctly explains the current and future market trends in the global IT security market. Various factors that will drive the IT security market in future and the challenges faced by the industry have been comprehensively discussed in the report. The report also presents future forecast of each country's IT security industry. Besides, it sheds light on the key players in the IT industry.

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Press Release Submitted On: February 24, 2011 at 6:16 am
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