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IDC’s European Security Forum Provides Key Recommendations for Development of EU Network and Information Security Market IDC’s European Security Forum Provides Key Recommendations for Development of EU Network and Information Security Market
IDC's European Security Forum Provides Key Recommendations for Development of EU Network and Information Security Market. BRUSSELS, January 28, 2009 — On February 19, 2009, IDC, on behalf of the European Commission DG Information Society and Media, will bring together leading IT security industry players and policy makers at the European Security Forum 2009, which will be held at the Radisson SAS Royal Hotel in Brussels.
IDC's European Security Forum Provides Key Recommendations for Development of EU Network and Information Security Market
IDC's European Security Forum Provides Key Recommendations for Development of EU Network and Information Security Market
BRUSSELS, January 28, 2009 — On February 19, 2009, IDC, on behalf of the European Commission DG Information Society and Media, will bring together leading IT security industry players and policy makers at the European Security Forum 2009, which will be held at the Radisson SAS Royal Hotel in Brussels.
The forum will examine the current state of the market for network and information security (NIS) in the EU27, on the basis of a study conducted by IDC on behalf of the European Commission, and to discuss the steps that should be taken to support further development of this market.
As the current economic crisis deepens, the potential effect on NIS investments in Europe remains unclear. However, an effectively functioning NIS market has a direct impact on the successful development of the broader European IT infrastructure and the improvement of security for businesses and consumers. The study identified large variations in market maturity, different development patterns across the EU27 states, and demand-supply mismatches that need to be addressed to enable a balanced development of the market.
In 2007 the total value of the market in the EU27 was €10.7 billion, making it the world's second-largest NIS market, surpassed only by the U.S. According to IDC estimates, the EU NIS market value will reach €15.5 billion in 2010, with an average forecast growth rate (taking the financial and economic crisis into account) of 13.1% between 2007 and 2010. Growth rates are slowing down as the more advanced Member States' markets approach maturity, but growth potential is still high and linked with the development of the Internet economy. However, as with all rapidly evolving markets, there are problems, contradictions, and critical issues to be addressed for a balanced development. Many EU users, particularly midsize enterprises, are not very satisfied with the offerings. The market is fiercely competitive and EU suppliers are growing, but global leaders still have a strong position.
During the forum, IDC will present the key findings from the EU NIS market study, including the roles and positioning of key industry players and the drivers and barriers for NIS investment, as perceived by both business and consumer users. IDC will also present a dynamic market model and a set of key indicators to be used as the basis for a continuous monitoring of market trends and critical development factors.
''The development of a better knowledge base of the EU NIS market and the need for periodic, consistent monitoring of the market trends, key challenges, and critical issues emerged clearly from the conclusions and recommendations of this study,'' said Gabriella Cattaneo, director, Expertise Center Competitiveness and Innovation Policies and Strategies, IDC EMEA. ''During the forum, we will bring major players, policy makers, and influencers in the European security market together to discuss the feasibility of a public-private partnership, able to launch and sustain such monitoring of the market.''
In addition to contributions from senior IDC analysts, attendees will also have the opportunity to listen to, and interact with, senior experts and industry executives from the European Commission, ENISA (the European Network and Information Security Agency), ENST (Ecole Nationale Supￃﾩrieure des Tￃﾩlￃﾩcommmunications Paris), BSI Germany, BERR UK (Department for Business, Enterprise, and Regulatory Reform), CERT Hungary, Inteco (Spanish National Communications Technology Institute), EICTA (European Information and Communications Technology Association), and companies such as Alcatel-Lucent, AVG Technologies, Kaspersky Labs, Symantec, and Sophos.
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