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Monday, June 26, 2006
SMBs Set to Spend US $11.4B on IT Security in 2006
Small and medium businesses (SMBs) worldwide are set to cross US $11.4 billion on beefing up their IT security and infrastructure this year in a bid to thwart increasing electronic threats. This spending trend will increase at double digit rates annually over the next several years, according to the latest study by New York-based Access Markets International (AMI) Partners, Inc. These results were based on surveys of SMBs conducted by AMI in over 20 countries representing key developed and emerging markets.
“Over 75% of all medium businesses (100-999 employees) and almost 60% of the small businesses (1-99 employees) surveyed in the developed economies indicated that enhancing IT security was very important for them,” said Anil Miglani, New York based Senior Vice President at AMI-Partners.
Total global SMB spending on IT security is growing rapidly, driven by the continuing growth in the adoption of several security products like anti-virus, anti-spam, anti-spyware and firewalls/VPNs.
http://www.it-observer.com/news/6527/smbs_set_spend_us_114b_it_security_2006/