Released on: September 22, 2008, 1:08 am

Press Release Author: Shushmul Maheshwari

Industry: Industrial

Press Release Summary: The global IT security market is growing rapidly with
increasing deployment of advanced IT security systems and improving IT
infrastructure in emerging economies.

Press Release Body: Our new research report “Global IT Security Market Forecast to
2012” expects the global IT security market, which includes security appliances and
security software, to grow at a CAGR of nearly 16% by 2012, up from an estimated
market value of US$ 16 Billion in 2008.

As per the report, IT security has evolved as a high priority area in the past few
years, with a major share of the overall IT budget being spent on IT security
appliances and software. Moreover, the fast developing IT infrastructure in emerging
economies and rising dependence of large, small and medium enterprises, government
and households on the Internet have created a huge demand for more advanced IT
security solutions in the recent past. Thus, the markets for security appliances and
security software are expected to reach US$ 4.09 Billion and US$ 11.6 Billion
respectively in 2008.

Further, business and corporate across many sectors, including finance, retail and
telecommunication, are deploying advanced IT-enabled solutions to enhance their
output and to stay updated with the rapidly changing global IT industrial trends.
These changing business practices have greatly contributed to the development of
distributed corporate structures and computer networking within organizations,
making modern IT systems more vulnerable to security attacks. Due to rising security
risks for modern IT systems, the global IT security appliances market is expected to
surge at a CAGR of nearly 27% by 2012.

Besides, the rising demand for advanced and efficient IT security appliances in the
emerging countries and regions like India, China and MEA region will accelerate
growth in the global IT security market.

“Global IT Security Market Forecast to 2012” gives a detailed overview on the
current and future scenario of the IT security market in various countries across
the world. It divides the world IT security market into two segments – Security
Appliances and Security Software - to study the market thoroughly. It outlines the
current and emerging trends in the market to facilitate IT vendors in identifying
opportunities critical for the expansion of their business operations.

Our comprehensive research report also provides forecast on security software
market, IT security market, security appliances market, IDS/IPS market, IDS/IPS
shipments, UTM appliances market and anti-virus software market.

About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today's globally competitive environment.

For more information visit: http://www.rncos.com/Report/IM125.htm
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