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Global information security service is the future: MIC

The market size of the global information security service industry is expected to reach US$37.94 billion in 2011, up from US$16.98 billion in 2006, with a compounded annual growth rate of 17.4 percent, the Market Intelligence Center (MIC, 資訊市場情報中心) said yesterday.

Wang Yi-chih (王義智), a senior industry analyst at MIC, said the global information security service market in 2006 had already accounted for 47.6 percent of the entire information security market and was expected to grow by more than 50 percent next year. He said the establishment of information security and its operating services would be the major sources of the growth of the global information security service market.

Wang said the biggest drive of the global information security service industry came from demand for the development of extended enterprises. If a firm grows quickly and diversely, its upstream and downstream suppliers and allied companies will demand higher access to the database, which will in turn increase demand for safety and protection of information.

Meanwhile, as reducing the cost of information technology (IT) services has become fashionable, MIC said the nation’s information service sector should switch from systems integration and toward software original equipment manufacturing.

MIC said very few companies would recall their outsourced businesses and that decreasing the cost of IT services had become one of their major goals.

Japan has continuously outsourced cases of embedded software service development in household appliances, mobile phones, auto-electronics and industrial automation, mostly to China, MIC said.
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