Security software to rake in Rs 481 cr

NEW DELHI: The Indian security software market is poised for a growth of 36 percent in coming years, touching Rs 481 crore from Rs 105 crore in 2003.

Market research analyst, IDC estimates, secure content management to grow at a CAGR of 38 percent during this period, up from Rs 46 crore in 2003 to Rs 228 crore in 2008. Security 3A software is expected to post the highest 42 percent growth moving up from Rs 24 crore to Rs 137 crore during the period. Firewall and VPN software is expected to jump 33 percent, from Rs 19 crore to 79 crore, whereas intrusion detection software would move from Rs 14 crore to Rs 36 crore posting a 20 percent growth.






"Growing adoption of web-enabled applications coupled with increasing number of incidences of security breaches will drive spend on security solutions," said IDC India, Country Manager Kapil Dev Singh.





However, on the security preparedness front, the recent IDC survey across 45 odd Indian enterprises throws up few interesting facts. Vast majority of the organizations sees security as a technology deployment rather than a serious business issue. This is quite evident in the fact that close to 70 percent of the organizations have security coming under their IT department rather than giving a top management or a risk management drive to it.





"Since Indian organizations are just opening up in terms of web-enabled applications which integrate them with their partners and customers, the experience of business loss on account of security attack is not very high," Singh added.





The survey reveals that the maximum impact suffered by 76 percent of the organizations has been non-availability of the mail system. However, only eight percent of the enterprises reported implications in terms of absolute financial losses. The survey result also highlights lower level of process maturity with respect to security approach–60 percent of the companies reported that the policy is not reviewed and measured regularly. The survey also reveals that very few companies considered ‘potential revenue impact’ or ‘potential liability and exposure’ as the key reason to justify their security spends.





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