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Press Release


CANADIAN ORGANIZATIONS WILL CONTINUE TO INVEST HEAVILY IN IT SECURITY, SAYS IDC CANADA

June 6, 2006

TORONTO, Canada, June 6, 2006 – IT Security remains a priority for Canadian organizations as the market for IT security hardware, software and services grew 16.6% between 2004 and 2005.

"Medium and large organizations in particular have begun to invest in a more holistic approach to IT security," says Joe Greene, Vice President of IT Security Research with IDC Canada.

"They're no longer just reactive," says Greene.

"Organizations are looking beyond the immediate threats like virus attacks, spam and security breaches and are embracing solutions for spyware, perimeter defence, patching, policies and identity management as ways to proactively safeguard their business."

IDC Canada indicates that spending is currently at $949 million and with a CAGR of 14.2% it is expect to reach $1.8 billion by 2010.

IDC Canada recently completed a series of forecasts looking at 16 key segments of the Canadian ICT market. The forecasts size each market in 2005 and provide a 2006-2010 forecast as well as insights into key trends and developments. The results of this forecast and analysis are based on 14,000 surveys and interviews with Canadian executives and consumers. IDC continues to make significant investments in primary research, subject matter experts, and innovative research practices. IDC has over 850 analysts globally and with over 35 Canada. Our team of analysts and consultants provide in depth insight and essential guidance to our clients across a broad set of research areas, including hardware, software, services, communications, vertical markets, small and medium business and consumers.

About IDC Canada
IDC is the foremost global market intelligence and advisory firm in the information technology and telecommunications industries. IDC Canada forecasts and provides keen insight on Canadian, in addition to worldwide, IT markets and technology trends. Using a combination of rigorous primary research, in-depth analysis, and client interaction, IDC forecasts worldwide markets and trends to deliver dependable service and client advice.
More than 700 analysts in 43 countries provide global research with local content. IDC's customers comprise the world's leading IT suppliers, IT organizations, eBusiness companies and the financial community. Additional information can be found at www.idc.ca.

IDC is a division of IDG, the world's leading IT media, research and exposition company.

 

Contact

For more information please contact:

Stephen Symonds
Marketing Communications Coordinator
IDC Canada
(416)673-2260
ssymonds@idccanada.com

 



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