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I just learned of another information technology area that doesn’t seem to be feeling much, if any, squeeze.
IDC reported this week that the U.S. managed security services market is expected to grow at a compound rate of more than 17% and hit $2.8 billion by 2012. It’s a bit of a slowdown from the 19.6% growth seen between 2006 and 2007, but not by much.
"Among the many dynamics shaping the U.S. managed security services market today, growing security complexity, the evolving pace of today's technology, and stringent compliance mandates are driving demand and spending for managed security services," said Irida Xheneti, a research analyst in IDC’s Security Services, in a statement.
Yet, while the market is headed in the right direction, the market players – who provide security software products and monitoring services -- appear headed for some turmoil.
IDC, noting the market remain fragmented with players from across the IT spectrum – telecommunications companies, systems integrators, and traditional security product vendors – said it expects to see more merger and acquisitions as established players look to pad out their portfolios.
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