Asian IT Security Market to Grow to $4.9 Billion in 2008

SINGAPORE -- The Internet security solutions market in the Asia Pacific is expected to grow more than 150 percent to 4.9 billion dollars by 2008 as more serious threats emerge.

The value of the regional market, excluding Japan, in 2003 was 1.9 billion dollars, International Data Corp. (IDC) said in a statement.

"As Internet usage matures, along with the growing adoption of e-commerce in the Asia/Pacific region, Internet and network security has risen to become the number one priority both in terms of strategic initiative and investment for the corporate enterprise," IDC said.

"Regardless of market segments, organizations are increasingly deploying proper security solutions and policies and employing best practices to upkeep business continuity and protect valuable corporate assets."

Unlike in the past, Internet security solutions now in the market "provide layers of protection to guard against the recent appearances of vicious, blended and hybrid threats," it added.