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Secure Content Management Grows in Asia
2003-06-08 admin
SCM software market in Asia/Pacific excluding Japan (APEJ) grew to US$182.9 million in 2002, an increase of 14% from 2001, according to IDC
The market is expected to grow at a five-year CAGR of 15%, reaching US$373.8 million market size by 2007.
Much of this growth will come from the People's Republic of China (PRC), Korea and Australia as they show the highest five-year CAGR average, as
well as large market sizes.
"The SCM market performed extremely well in 2002; in fact, it was one of the only security software markets to exceed 2002 expectations," said Natasha David, Research Manager, infrastructure software, IDC Asia/Pacific.
"This is very impressive in light of current economic situation and the poor performance of the high-tech market in general. IDC believes more destructive and harder-to-detect threats, legal liability, employee productivity, and compliance with privacy regulations will continue to fuel growth of secure content management market over the next several years."
The landscape for SCM market is maturing rapidly, despite growth rates continuing in double digits.
Multinational vendors dominate the market, with Symantec, Network Associates and Computer Associates occupying 42% of the SCM market.
However, there are Asian vendors in the top-five ranking – Taiwan-based Trend Micro and Korea-based Ahnlab, which together account for a further 26% of the market. Australia, PRC, Korea, Singapore, Taiwan, and Hong Kong are the largest markets. Revenues from these markets make up 83% of the total market.
"Growth of the Asian markets will bring along with it many challenges for vendors. These include overcrowding, low profit margins, and difficulty in seeking differentiation," added Ms. David.
"IDC's end-user surveys have indicated in the past that almost 100% of enterprises have antivirus software installed in some form. Thus growth in this market will come from either capturing other vendors' market share or penetrating more deeply into accounts."
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