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Gartner: HK security market growth lower than APAC average

Computerworld Hong Kong staff | Aug. 18, 2009
Hong Kong had a lower than regional average security market growth at 20.4 per cent in 2008

McAfee experienced the strongest growth rate among the top five vendors, as its revenue increased 30.1 percent in 2008, said the analyst firm, adding that local players from China exhibited the highest levels of growth in 2008. Other fast-growing vendors in the region included McAfee and Cisco, according to Gartner.

Emerging markets in Asia Pacific are expected to provide the highest growth opportunities over the coming years, although the more mature markets are expected to provide sustainable levels of investment, said Gartner.

Purchasing attitudes point to an increase in popularity in security products delivered as software as a service (SaaS) or as an appliance, particularly for certain technologies such as e-mail security and SWG, the firm added.

Estimates for 2009 predict that security will produce good growth levels,although the full impact of the global economic recession will result in a decrease in spending and the fall of growth rates to around half the levels achieved in 2008, Gartner concluded.

 

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