15 Aug 2017
Czech Security Solutions Market Driven by Rising Demand for Security Services in 2016 and 2017, According to New IDC Study
FOR IMMEDIATE RELEASE, Prague – The Czech security solutions market (comprising software, appliances, and services) grew by almost 14% year on year in 2016, according to the new study, Czech Republic Security Solutions 2017–2021 Forecast and 2016 Market Analysis, from International Data Corporation (IDC). Escalating security concerns are expected to drive further market expansion throughout the forecast period, with spending approaching $400 million by 2021.
Despite a slowdown in security appliance spending, which was largely the result of cyclical spending patterns, strong growth in demand for security services and upgrades to existing security software drove expansion of the overall market. "The evolution of IT and data architecture — characterized by the adoption of 3rd Platform technologies and fueled by strategic initiatives for digital transformation — is forcing organizations to rethink their approach to information security," says Mark Child, CEE security practice lead at IDC. "Solutions and processes are updated to extend protection to cloud or hybrid environments, and there is increasing demand for expert support in the form of security consulting and integration services, as deployments become more complex."
Security threats and the widespread media coverage of major attacks and breaches are driving C-level attention to security and helping managers make the case for investments. Compliance is another key concern, with the EU General Data Protection Regulation (GDPR) coming into effect in May 2018, the Czech Cybersecurity Law continuing to be developed and extended, and other regional, national, and sector-specific regulations impacting a wide range of organizations across all vertical markets. For some organizations, fulfilling seemingly endless audit requirements is itself becoming a burden on resources, and IDC expects progressive uptake of Policy & Compliance, Data Loss Prevention (DLP), and Forensics & Incident Investigation solutions to automate and accelerate some of these processes and ease the demands on over-stretched security teams.
In vendor terms, two key groups dominated the Czech security solutions market: the endpoint security software providers ESET, Symantec, and Avast Software; and major security services players such as IBM, HPE, AutoCont, and ICZ. Vendors such as Cisco and Check Point, with a broad cross-platform presence on the market, also held significant shares in the top 10.
"Growth throughout the market will maintain the overall dynamism in 2017 and 2018, with further double-digit expansion as appliances spending bounces back and demand for security services increases in tandem," says Child. "Conversely, after a strong year for software upgrades, software market growth will slow in 2017. Nevertheless, companies should keep a close eye on the market, which is experiencing a period of extensive innovation, and be ready to take advantage of new approaches to protecting their endpoints and networks and preventing increasingly sophisticated attacks."
IDC's Czech Security Solutions market study quantifies the development and projected future growth of security investments in the country. The study offers detailed forecast data for security spending in the appliances, software, and services segments by subcategory. The comprehensive study was designed to help vendors and IT decision makers understand the direction of security-related spending in the Czech market today and over the next five years.
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC.
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