Security and storage have been identified as the fastest growing information technology (IT) segments among mid-sized businesses in Malaysia and Singapore.
According to a study commissioned by Symantec Corp, the security segment for midsized companies was growing at a compounded annual growth rate (CAGR) of 36.3% in Malaysia and 19.8% in Singapore.
For the storage segment, the CAGR for Malaysia and Singapore was 24.4% and
21.4% respectively.
The key drivers of growth identified were information security, compliance, disaster recovery and business continuity planning.
“With 78% of respondents choosing to enhance their data security and privacy using firewall, encryption and anti-virus solutions, the study shows that the majority of midsized companies understand the benefits of enhanced data security and storage,” Symantec said in a statement.
Comment Preview