Taiwan's information security market shows slowdown: IDC
Central News Agency
2014-03-31 03:34 PM
Taipei, March 31 (CNA) Taiwan's information security market grew at a slower-than-expected pace in the second half of 2013 because of a delay of the government's build-operate-transfer (BOT) projects, according to market research firm IDC. The overall vendor revenue of Taiwan's security software and equipment increased 20.1 percent to US$71.2 million during the second half of 2013 from the first six months of the year, but the figure represented a year-on-year growth of only 1.5 percent, IDC said Monday in its latest report. The worse-than-expected growth was the result of a delayed schedule to bid for the government's BOT projects for security software and equipment, as some vendors were not satisfied with the low base prices, said Leon Kao, senior market analyst of the enterprise solutions group at IDC. That capped the scale of purchase orders placed by the government in the second half of last year, he said. Kao said that in 2014, financial and manufacturing companies are expected to continue deploying firewalls and intrusion prevention measures because of rising concerns about personal information breaches and hacker attacks. Moreover, the telecom sector is likely to become a new growth driver of Taiwan's security market in light of the forthcoming launch of the country's 4G network, Kao said. The auction for the 4G spectrum in Taiwan ended Oct. 30 last year after 392 bidding rounds, with six companies vying for licenses totaling NT$118.65 billion (US$3.89 billion), 3.3 times the floor price set by the government. Earlier this month, the country's largest carrier Chunghwa Telecom Co. teamed up with Internet security firm Trend Micro Inc. to offer a free mobile security service, allowing users to avoid private data leaks on lost mobile devices by deleting the content on their devices via remote control. The move is expected to help build a safer wireless environment for Chunghwa Telecom's customers and is seen as an incentive to lure more users away from other operators, according to Chunghwa Telecom. (By Jeffrey Wu)
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