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Security Software market experiences growth

New Zealand Security Software market experiences significant growth says IDC

In a recently released report, Australia and New Zealand Security Software Forecast 2003 – 2007, IDC estimates that the New Zealand market for security software was NZ$35.99 million in 2002. This market has a CAGR of 17.1% and will reach NZ$89.1 million by 2007.

This overall security software is made up of a diverse set of solutions, ranging from mature markets, such as secure content management and firewall, to emerging markets, such as authentication, authorisation and administration.

The key drivers for the ANZ security software market in 2003 are as follows:

Security is a top of mind concern for ANZ CIOs and IT managers and is one of the areas where spending will continue to focus;

* Customers are looking for centralised and easy to manage security solutions rather than multiple point solutions; and

* The increasing use of the Internet and Web-based applications will drive demand for security to address both internal and external threats to IT system and network environments.

In the last two years, solving IT-related security concerns has shifted from simply purchasing antivirus or firewall products. Now, security is "mission critical" concern for companies in ANZ, requiring a solutions approach.

"IDC has witnessed a major shift in the role security plays within ANZ organisations. No longer just a peripheral technology, security is becoming a critical enabler of business continuity and is directly linked to the survivability of an organisation," says Megan Dahlgren, Market Analyst, Software, IDC Australia.

With 31.4% year-on-year growth in New Zealand for 2002 over 2001, security software has enjoyed significantly higher growth than most markets in the IT industry.

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