SOUTH KOREA COMPUTER SECURITY MARKET TO GROW 13% ANNUALLY OVER THE NEXT FIVE YEARS
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Computer Security Market to Grow 13%

SEOUL (Yonhap) - South Korea’s computer security market is forecast to grow 13 percent annually over the next five years as spending on Internet security software rises in both the public and private sectors, a report indicated on Tuesday.

The country’s digital security market is predicted to rise to 815 billion won ($850) by 2010, and the security appliance market is projected to post an annual growth rate of 17.6 percent, according to the report compiled by the South Korean unit of the International Data Corp.

IDC Korea said the country’s computer security market posted 8.5 percent growth last year reaching 443 billion won.

The security appliance sector, in particular, is expected to grow sharply in the future, the report said. adding that more and more public institutions and private companies in the country are trying to keep their computer networks safe from burgeoning cyber threats.