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Analyst: Security spending shifts to outsourcing by '07
Framingham, Mass.-based International Data Corp. is predicting the worldwide market for security services to be $23.5 billion by 2007, which represents a 20.9% annual growth rate. IDC includes a wide range of things under "information security services" in its analysis, including: professional services; consulting; integration and implementation services; managed services (such as managed security service providers); response services and education and training.
Allan Carey, program manager for Information Security Services at IDC said security spending is still a priority for enterprises and security was one of the few IT markets where spending did not nosedive during 2001 and 2002. In the next few years, he predicts enterprises will need help from service providers in evaluating business risks and securing valuable assets.
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