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TECH SUPPLIER Aug 2018 - Market Analysis Perspective - Doc # AP42154817

Market Analysis Perspective: Australia Security Services, 2018

By: John FengSenior Market Analyst, IDC Australia, Cathy HuangAssociate Research Director, Services and Security, IDC Asia/Pacific

On-line Presentation


The continual adoption of mobility and cloud is creating an IT operation environment that is much more diverse, more complex, less predictable, and changes at a much faster pace. Combined with more reliance on IT to drive business innovation and more stringent regulatory requirements, building an integrated operations environment and securing it post a challenge to every Australian organisation.

Australian cybersecurity spending is forecast to grow at a compound annual growth rate (CAGR) of 17.6%, mainly driven by growth in security-related services. This IDC Market Analysis Perspective (MAP) examines the current state of the Australian security services market and identifies future trends that are shaping the landscape.

"The market continues to progress as security is gaining more awareness from the decision makers. Customers are increasingly taking a proactive and holistic approach to security. To remain competitive, security services offerings need to be well-orchestrated across the full security cycle and showcase forward thinking in helping customers mitigate and respond to future threats," according to John Feng, senior market analyst, IDC Asia/Pacific.


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