Terrorism threat to drive security outsourcing

Friday, 4 July 2003, 9:54 AM EST

IT spending went through the roof just before the millennium as companies upgraded their equipment to minimise possible disruption, and the threat of terrorist attack is now having a similar effect on spending in the IT security sector, according to research firm Forrester.

The emphasis on being prepared for a terrorist attack has resulted in security spending plans being given a higher priority. However, Forrester believes this is causing a shortage of specialist skills in the market and will drive more companies to choose an outsourced managed-security service.

Forrester expects that within five years, managed firewalls will make up 36 percent of the managed security market and account for 1.7bn euros in revenue. Managed intrusion-detection systems are predicted to grow at almost 50 percent a year, accounting for 32 percent of the market and generating 1.5bn euros (1.05bn) in revenues by 2008. In the same time frame, the use of digital signatures is predicted to grow by more than 50 percent a year, resulting in a 1.1bn euro market.

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