Information Security Concerns Propel Market for Software Products, According to a New Report by Global Industry Analysts

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Growth in the global software industry is primarily anticipated from exceptional performance of select segments such as security, data warehousing, and business intelligence. Rising data security concerns, regulatory compliance related to safeguarding critical information, and expanding use of web-based services are factors that are expected to foster the market for software products and services.

Rising penetration and utilization of Internet and changes in the hardware sector are major determinants of growth for the software market. The unique requirements of commercial enterprises, governments, and the entertainment sector are expected to encourage development of innovative software products including business application software, business intelligence software, embedded software, identification and security management software, and interactive entertainment software, among others. While North America continues to hold an edge in the software market, Asia and Central Europe are expected to drive future growth, boosted by improving economic scenario in the regions. Continued focus on outsourcing of software services, as part of cost containment measures, is anticipated to fuel growth in the software industry across developing regions.

Proliferation of access levels and rising number of highly sensitive transactions have brought to fore the importance of identity management software. The process of identifying customers, opportunities, employees, suppliers, and business partners has become critical to the success of enterprises. Additionally, management of an increasingly complex operating environment with several crucial components along its chain, massive media attention over identity theft/security compromises, and growing consumer concerns over privacy protection are anticipated to drive revenue generation in the sector. With governments across the world enacting regulations aimed at protecting consumer privacy and data, organizations have been forced to adopt software for preventing the same.

Security issues are expected to remain the core concern of business organizations and governments alike, fostering the development of complex software products for addressing evolving security concerns. Growth of e-businesses and wireless applications, and increased security spending of organizations is driving the market for security software products. Worldwide information security software market has fast evolved into a high revenue generating industry owing to the large-scale development and deployment of advanced security products and services. With global networks at an increased risk of attacks viruses, hacking and spam, sales of security software products are expected to post impressive gains.

Software piracy and hacking are major challenges facing the computer software industry. About a third of software used globally is pirated, propelled by factors such as easy availability of pirated software, high cost of original software, disparities in regional intellectual property rights, and improper implementation of copyright laws

The report titled "Software: A global Outlook" provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. Outlook on the industry is briefly synopsized to provide reader the essence of industry's future potential. The US market annotated with 30 information rich market data tables presents and gauges revenue generating potential of software makers/software distributors, sales of software in select market segments, and consumer behavioral patterns (factors influencing purchasing decisions, consumer preference, demographic breakup, and usage patterns, among others). Other regional markets briefly summarized include Canada, France, Germany, United Kingdom, and China, among others. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of 996 companies worldwide.

For more details about this research report, please visit
http://www.strategyr.com/Software_IT_Industry_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press @ StrategyR.com
Web Site http://www.StrategyR.com

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