|By Business Wire||
|August 26, 2013 12:35 PM EDT||
Research and Markets (http://www.researchandmarkets.com/research/b7lqbp/it_security) has announced the addition of the "IT Security Market Update 2013" report to their offering.
This Market Update examines the UK market for IT security products and services. In 2012, the UK IT security market was estimated to have grown by 7% in comparison with the previous year. Such strong growth has been a feature of the market in recent years, driven by the relative lack of maturity in the market and massive demand across the UK for all types of computer hardware devices.
IT security has become a major issue for both large, and small- and medium-sized business (SMEs), with 93% of large organisations and 87% of small businesses claiming to be subject to a security breach in 2012, according to a report from PwC, NFO security and the Department of Business, Innovation & Skills (BIS). With the vast majority of all businesses impacted by a security breach in 2012, spending on IT security is major priority for businesses across the UK.
Such breaches can result in significant cost implications for large and small business alike, with the UK Government placing the cost as high as £250,000 for each breach for large companies, and as much as £30,000 at smaller businesses. As a result, the benefits of introducing robust security systems are clear, particularly in the case of large business, were multiple attacks each year are more likely.
As a result of this cost to UK businesses, and an increasing number of attacks undertaken for political or ethical reasons, the UK Government has highlighted cyber security as a Tier One threat to national security alongside international terrorism. As such, it is committed to improving resilience to cyber threats in both the private and public sectors, and to ensuring future skills within the segment.
Future growth in the market is expected to remain significant for the foreseeable future, largely due to the growth in both the volume and quality of cyber crime. It is expected that cybercriminals will continue to target multiple devices in the coming years, rather than the traditional concentrated attacks on Windows operated devices. As such, demand for security products for mobile devices and traditionally low-risk technology such as Apple products could rise dramatically in the future.
In addition, demand in the computer hardware market could translate into growth in the IT security industry, while the continuous mainstream media news reports of major, high-profile security breaches will drive awareness of the necessity of products and services. As a result, the authors estimate strong, year-on-year growth in the value of the UK IT security market, despite continued economic uncertainty across the UK.
- Accenture (UK) Ltd
- Arrow Enterprise Computing Solutions Ltd
- Capgemini UK Plc
- Cisco Systems Ltd
- Computerlinks (UK) Ltd
- Csc Computer Sciences Ltd
- Hp Information Security UK Ltd
- Integralis Ltd
- Symantec (UK) Ltd
- Telecity Group Plc
For more information visit http://www.researchandmarkets.com/research/b7lqbp/it_security
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