Security Software to Hit $10.5 Billion

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Security Software to Hit $10.5 Billion

The needs of a global workforce and privacy concerns are driving the sector to become a $13 billion business worldwide by 2012

by Eileen Yu

Increasing demand for a mobile workforce and awareness of damage caused by security breaches will continue to drive the global security software market, Gartner said.

The industry analyst noted that China is the Asia-Pacific region's largest and fastest growing market, with revenues in the country reaching US$169.2 million in 2008 and US$266.8 million by 2012.

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