IT Security Spending Grows at Fast Pace in GCC

According to our research report “Global IT Security Market Forecast to 2013”, demand for IT security products and services is expected to grow at a robust pace throughout the world in coming years. Businesses around the world have understood the importance of securing their valuable information and increased their IT security budget during the economic slowdown period. Moreover, the market for IT security solutions is expected to grow at a CAGR of 12% during 2010-2013. Growing thrust of enterprises for information security, due to continuously increasing and more complex online threat, and fast internet adoption in the emerging economies will play an important role in achieving this prospective growth.

 

After studying the global IT security market at the regional level, we have found that the GCC countries are one of the fastest IT security solutions spenders in the world. This is because a large number of GCC organizations are facing cyber attacks. IT security has become a major concern for the Gulf enterprises as their expanding presence globally make them vulnerable to IT threats. Moreover, the regulatory authorities have mandated companies to install security systems that will boost demand for IT security solutions in the region.

 

As per our estimates, spending on IT security software and appliances by the GCC countries will grow at CAGR of around 25% from 2010-2013 on the back of increasing Internet penetration among households. Our team of experts has also found the major countries and verticals will increase their spending on IT security solutions in near future.

 

“Global IT Security Market Forecast to 2013” is a comprehensive research report that provides objective analysis of the IT security market with statistical representation of different IT security market segments including: IT Security Software, IT Security Appliances and IT Security Services. The report gives information about the past and current market trends on IT security market at the country level.

 

The report also studies the impact of recession on IT and IT security market by country and provides the forecast for each country. Besides, it sheds light on the key players in the IT industry.

For more information visit: http://www.rncos.com/Report/IM222.htm