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Reseller News Join Reseller News Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.Sign up now Asia Pacific security spend to hit US$23.1B this year The anticipated security investment in the region this year represents an increase of 12.6 per cent over the previous year. Credit: dreamstime This year looks to be a good one for partners in the information security game, with spending on security hardware, services and software in the Asia Pacific region expected to reach US$23.1 billion in 2021. According to the lat...

Asia-Pac security spending forecast to reach US$23.1b this year Thursday, 22 April 2021 08:21 Asia-Pac security spending forecast to reach US$23.1b this year Shares Image by OpenClipart-Vectors from Pixabay Expenditure on security hardware, services and software in the Asia-Pacific region, excluding Japan, is forecast to reach US$23.1 billion (A$29.8 billion) this year, the technology research firm IDC says, adding that this would represent a rise of 12.6% year-on-year. The company said over the five-year period 2019-24, growth in this segment was expected to show a compound annual ra...

China already growing even faster than 13% regional acceleration Share Asian businesses are set for a security spending spree, according to analyst firm IDC. The firm's new Worldwide Semiannual Security Spending Guide for 2021 has tipped the APAC region to spend US$23.1bn on security products and services in 2021, an increase of 12.6 per cent. Things are only getting better for vendors, as the analyst predicts five-year compound annual growth rate of 13.3 per cent over the period 2019-24, with spend in the last year totalling US$35bn. Simon Piff, IDC’s APAC veep for trust, security,...