Securing digital information from theft and complying with privacy regulations will get a lot more lucrative over the next few years.
Framingham-based IDC, a provider of market information for IT, telecommunications and consumer technology markets, predicts the information protection and control market will surpass $3 billion by 2011 in a report released today.
The growth would represent a 33 percent compound annual growth rate, according to the report.
“The growing number of high-profile incidents in which customer records, confidential information and intellectual property were leaked (or lost/stolen) has created explosive demand for solutions that protect against the deliberate or inadvertent release of sensitive information,” said Brian Burke, research manager for IDC’s security products program.
The report said information protection and control solutions can help companies comply with government and industry regulations, prevent violations of corporate policy and stop the loss of intellectual property and the leak of private information.
