Bangkok--20 Jul--IDC
According to IDC’s Asia/Pacific Semiannual Security Software Tracker, 2H 2008, Thailand’s Security and Vulnerability Management (SVM) market grew five-folds despite the tough economic conditions in the second half of 2008 (2H08). The growth jump in the SVM market came with the emergence of the Thailand government initiated law to step-up computer and cyber protection and security in the country.
In 2007, the Thailand SVM market represented 3% of the total security software market revenue, while in 2008, the SVM market has risen to 11% of the total security software market. In 2008 alone, the overall security software market grew positively by 14.68%.
“In Thailand, the local government policy has been the biggest motivation for spending in SVM in 2H08, since the enforcement of the new Thailand Computer Crime law in late 2007. Log management is one of the most critical areas in SVM and is turning out to be a key business requirement among enterprises in Thailand. This is not just only for security benefits, but it is now also required by laws. Globally, most IT best practice framework employ log management software to monitor any violation of security policy,” said Aisshwarya Kapoor, Market Analyst for Software Research at IDC Thailand.
In response to rising Internet crimes, the Thailand government took the significant step in introducing the Computer Crime Act B.E. 2550 (A.D. 2007) (CCA). An Act that is probably the most important legislation against cyberthreats in the country, as it is enforced upon every business establishment in Thailand. Enacted in July 2007, many of its requirements have become the key drivers in the recent IT and security solution investments in the country. The Act requires companies to record and maintain traffic data across all business computers for a minimum period of 90 days. The data source that organizations have to capture comprise Internet access, email Web browsing, chat Internet banking and so forth.
*IDC’s Asia/Pacific Semi annual Security Software Tracker, 2H 2008
Large enterprises from the Financial Services Industry and Telecommunication verticals are actively spending in the SVM solutions not only to comply with local regulatory requirements but to also leverage SVM to monitor their critical business data as well as to
detect new threats at early stage. For the SMB segment, however, the adoption in SVM is still limited due to high software fee.
As more businesses allocate budgets to comply with the new CCA law, security software spending remains optimistic despite the challenging economic climate. IDC estimates the SVM market will grow by 19% in 2009.
For press enquiries, please contact:
Aisshwarya Kapoor
Market Analyst for Software Research
Tel: +66-2651-5585 Ext:117
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Sasithorn Sae-iao
Marketing Executive
+66-2651-5585 Ext:113
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Gowri Mohanadas
Regional Sr. Marketing & Media Relations Executive
+603-2169-7533
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