16 Oct 2017
Turkey's IT Security Market Set for Prolonged Period of Double-Digit Growth
Istanbul – Turkey's IT security solutions market is set to total $233.2 million this year according to the latest insights from International Data Corporation (IDC). The global technology research and consulting firm's newly released 'Turkey IT Security Solutions Market 2017–2021 Forecast and Adoption Trends' report tips spending in 2017 to increase 11.6% on the $208.97 million total recorded in 2016, with IDC expecting the market to continue expanding at a compound annual growth rate (CAGR) of 11.4% over the report's 2017–2021 forecast period.
IDC's 'Turkey IT Security Solutions Market 2017–2021 Forecast and Adoption Trends' study divides the country's IT security market into three submarkets — the security software market, the security appliances market, and the security services market — and presents forecasts for the size of each segment for the 2017–2021 period based on vendor revenue results. It examines security solutions investments trends in Turkey, market growth drivers, major market inhibitors, and market developments.
The latest edition of the annual report shows that the security software segment accounted for the largest portion of the overall Turkish IT security solutions market in 2016, with $108.91 million in license and maintenance (L&M) revenues translating into 52.1% share. The security appliances segment ranked second in 2016 with revenues of $54.04 million for 25.9% share, while security services revenues reached $46.02 million, representing a share of 22.0%.
"Security no longer means securing a single gateway or a single set of devices; it is mandatory anywhere that users or data are," says Ayse Kaptanoglu, a senior research analyst at IDC Turkey. "For organizations that are deploying any type of product or service, security is becoming a vital and inevitable component, rather than just another add-on process. Employees that knowingly or unknowingly abuse their right to access information systems can damage their organizations and therefore represent a significant risk.
"As such, the human factor also needs to be included in the security program; this includes utilizing security products that can monitor and record system and user behavior, capturing and analyzing packets and flow for suspicious activity, and identifying solutions that can remove administrative rights without disrupting business processes. Rather than being reactive, organizations must now embrace a proactive approach, thereby ensuring broader and more effective security than ever before."
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.
IDC in the Middle East, Africa, and Turkey
For the Middle East, Africa, and Turkey region, IDC retains a coordinated network of offices in Riyadh, Nairobi, Lagos, Johannesburg, Cairo, and Istanbul, with a regional center in Dubai. Our coverage couples local insight with an international perspective to provide a comprehensive understanding of markets in these dynamic regions. Our market intelligence services are unparalleled in depth, consistency, scope, and accuracy. IDC Middle East, Africa, and Turkey currently fields over 130 analysts, consultants, and conference associates across the region. To learn more about IDC MEA, please visit www.idc-cema.com. You can follow IDC MEA on Twitter at @IDCMEA.