Spending on IT security is relatively low in India compared to other fast growing economies, says a study by research firm Frost & Sullivan
Spending on IT security is relatively low in India compared to other fast growing economies, says a study by research firm Frost & Sullivan.
"IT security spending is relatively low in India when compared with other fast growing economies in the world as percentage of their total IT budget," said Frost & Sullivan Deputy Director (South Asia and Middle East) Girish Trivedi.
According to the study, the enterprise network security market in India, estimated at 129.32 million dollars, registered a growth rate of 19.21 per cent in 2008 compared to previous year.
"It may, however, grow at 10.56 per cent (this year)," Frost & Sullivan said.
Trivedi said though IT security is a vital component, a significant number of chief information officers (CIOs) in India didn't have any fixed budget for it.
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
