Security Slideshow: U.S. SMB Security Spending Set to Soar In Coming Years
By Don Reisinger | Posted 06-13-2012
Small and medium-sized businesses (SMB) are shelling out big bucks for data security products and solutions, according to a recent report series from IDC. In fact, SMB spending on security technology is projected to exceed $5.6 billion in 2015. The first report, "U.S. SMB Security Customer Profiles and Adoption Opportunity," examines the ownership, purchase plans, and attitudes of small and medium-size businesses based on surveys of 1000 SMBs nationwide. The second, "U.S. SMB Security Market Sizing and Forecast, 2011-2015" provides a five-year forecast of six key security product categories with separate small business and medium-size business market estimates. The six key security product areas - endpoint, messaging, network, Web, identity and access management (IAM), and security and vulnerability management (SVM) - will all show strong growth throughout the forecast period, according to IDC. The report also includes breakouts for total spending across three platforms: on-premises software, appliances, and software-as-a-service (SaaS). The third report, "SMB Security Competitive Best Practices/Key Performance Attributes," the six key performance factors and examines how 15 different competitors compare across products and programs. The report identifies key "best of breed" performance factors designed to help vendor performance and customer decision-making. Here are seven highlights from the reports.