IDC Japan’s latest market analysis has just revealed that Japan’s estimated compound annual growth rate for its security business sector from 2015 to 2018 will be at around 4.0%, at an equivalent value of about $2.5 billion. This is primarily based from an earlier report last 2014 that revealed an average annual growth rate within the same business sector of 4.7%, or about $2.1 billion.
Following the general growth of cloud-based businesses and enterprises during the past few years in Japan, demand for security services, such as access administration, endpoint protection, and general network security have also increased. During the last year, the combined annual growth rate of business related to these services was 4.1%, or equivalent to about $1.8 billion. The growth rate is expected to go even further with the introduction of more security services aimed at the mobile device market, which IDC Japan expects to contribute to the previously mentioned 4.0% growth rate throughout the years 2015 to 2018.
In addition, the analysis also included the steadily growing security market for SaaS (Software as a Service) businesses within the country. Its security market is expected to have an estimated compound annual growth rate of 11.6%, or equivalent to about $154 million. This also based from a comparison made from 2013 and 2014’s growth rates, which were $89 million and $100 million respectively.
On the other side of Japan’s security market, demand for intrusion prevention/detection and unified threat management systems, as well as related security hardware for other access and authorization systems, have also increased in the past two years. IDC Japan reports its growth rate at 7.5% ($367 million) from 2013 to 2014. As more security issues in Japan are focused towards unauthorized access and data theft, it is expected that the growth of these sectors would also directly affect other major digital security markets within the country, at least during the time period estimated by the market analysis.
