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Strong Growth Expected to push the Australia and New Zealand Security Solutions Market past US$1.6 billion by 2011

  • 05 February, 2008 13:35

<p>SYDNEY, 4 February 2008 – IDC predicts the Australia and New Zealand (ANZ) security solutions market will grow to over US$1.6 billion by 2011.</p>
<p>"New business enabling technologies are being adopted by organisations trying to lower costs and improve operational efficiency. These pressures are coupled with constantly evolving security threats and emerging technologies" said IDC’s Senior Analyst for Security Solutions in ANZ, Patrik Bihammar.</p>
<p>IDC has found the key market issues driving demand are the constantly evolving and increasingly sophisticated threat landscape, higher usage of new business enabling technologies (e.g. mobility, wireless networks, VoIP, virtualisation, Web 2.0, and Web services), pressure from government and industry regulations and corporate governance concerns.</p>
<p>IDC also identifies key market developments which include the need for stronger information protection and control, the rise of Web 2.0 threats and continuing consolidation in the security market.</p>
<p>"Organisations in ANZ will need to continue to invest in IT security to maintain their security and risk posture and protect their assets and information against increasingly sophisticated threats targeting the core of any business, its information and intellectual property," adds Bihammar.</p>
<p>The findings come from IDC's report, "Australia and New Zealand Security Solutions 2H 2007 Forecast Update, 2007-2011". The report provides an analysis and forecast of the ANZ security solutions market. Additionally, the study provides insights into key developments shaping this dynamic and highly competitive market.</p>
<p>If you would to purchase IDC research, please contact Gary Clarke, IDC Associate VP of Sales via email gclarke@idc.com or call 02 9925 2226.</p>
<p>Ends</p>
<p>For more information please contact Sally Taylor-Phillips, Marketing Communications Manager at IDC on +61 2 9925 2234 or e-mail staylorphillips@idc.com.</p>
<p>On IDC’s website, this media release relates to document(s):
IDC.com Document # AZ321304P, Australia and New Zealand Security Solutions 2H 2007 Forecast Update, 2007-2011</p>
<p>About IDC
IDC is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community make fact-based decisions on technology purchases and business strategy. More than 900 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends in over 90 countries worldwide. For more than 43 years, IDC has provided strategic insights to help our clients achieve their key business objectives. IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. You can learn more about IDC by visiting www.idc.com or www.idc.com.au.</p>

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