Businesses Still Spending on Security Services Despite Economic Downturn, Finds Frost & Sullivan
Posted on: Monday, 19 January 2009, 15:06 CST
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Demand and sales of business security services have been on the rise for several years. Evidence suggests business security services are resilient and therefore will withstand the current economic storm. Providers should carefully plot a strategy to drive demand to ensure the success of business security services.
"The strength of this market is proof that companies place the highest value on their data, information, and networks," explains Stratecast Director
The presentation will outline reasons why managed and professional security services will gain an extra boost in evaluations by business entities, and generate market opportunities for providers of security services. Those in the supply chain of managed and professional security services, including vendors and developers, will gain valuable insight for attending this presentation.
"Economic recessions cause businesses to confront critical questions regarding their operations," continues Suby. "Even information and network security risk management, a necessity, is not immune to re-evaluation on how it is conducted. The common trend in the industry is whenever a slump occurs in the new construction market, manufacturers look for opportunities from the retrofit market. As such, the retrofit sector has an inverse correlation with the new construction market, ensuring sustained growth. Likewise, we are seeing the parallel situation with the market for information and network security services."
To participate in this briefing, please email
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 31 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.
Contact: Stephanie Ochoa Corporate Communications - North America P: 210.247.2421 F: 210.348.1003 E: stephanie.ochoa@frost.com http://www.frost.comSOURCE Frost & Sullivan
Source: PR Newswire
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