IT security spending defies recession

Monday, 23 September 2002, 1:51 PM EST

Security spending is buoyant despite the overall downturn, according to analyst house IDC.

At its business security conference in London the company published preliminary results of a survey that showed IT security spending to be currently worth $6bn (£3.9bn), and set to double over the next five years.

"We were surprised that in a software market where single-digit growth is the norm security software spending is up 18 per cent," said Christian Christiansen, program vice president of IDC Security Software.

"If you don't have security there is little chance of successfully building an online business," he added.

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