The Hindu Business Line : Security software market to touch $43 m by 2007

A number of multinational companies such as Symantec, Trend Micro, Checkpoint and Computer Associates are already operating in India. Customers who are adopting these technologies are large enterprises with massive IT infrastructure investments, which are looking for technologies that fundamentally protect them against an increased rate of external threats.

New Delhi , Nov. 24

THE market for security software in the country would grow at 24 per cent to touch $43 million by 2007, as companies are increasingly investing in fortifying information security, IDC India, an IT market research agency, has said.

Growth in outsourcing, establishment of larger multinationals in the country and growth in the small and medium enterprises (SME) space would be some of the key drivers for this growth, thereby making India one of the fastest and most aggressive security software market in the Asia-Pacific region, IDC said.

In the first half of 2003, the security software market in the country was $11.3 million, growing by about 30 per cent over the second half of 2002.

"The technocrats and the business tycoons had not factored in the threats on their IT infrastructure over the long term. This realisation, the threats and the presence of external attacks on the IT environments in companies, has spawned a new breed of software to hold centre-stage in the recent past," IDC said in a statement here.

A number of multinational companies such as Symantec, Trend Micro, Checkpoint and Computer Associates are already operating in India.

Customers who are adopting these technologies are large enterprises with massive IT infrastructure investments, which are looking for technologies that fundamentally protect them against an increased rate of external threats.

"The security software market in India was trying to find its feet when it first came into the country. But it has gradually made its mark in terms of convincing both technocrats and business heads, of the practical value that it translates in terms reducing the exposure of their IT infrastructure to fatal attacks. With IT investments growing with growth in businesses, there is an inherent need now to safeguard one's home," Mr Arun Ranganath, Analyst, Software & Services Research at IDC India, said.

Firewalls/VPNs (Virtual Private Networks) would continue to draw a lot of attention as enterprises are perennially looking to protect their basic IT infrastructure from the newer attacks.

There is also likely to be considerable interest in Security `3A' software (Authentication, Administration & Authorisation) with more and more security software certifying companies on the anvil.

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Security software market to touch $43 m by 2007