IDC Korea announces market size of 658.2 billion KRW, up 3.3% last year
It is urgent to move away from the adoption of uniform products and establish comprehensive security policies.

Last year, endpoint and messaging security solutions led the growth of the domestic IT security market.

According to a recent report on the domestic IT security product market published by IDC Korea (CEO Hong Yoo-sook), the domestic IT security product market was estimated at 658.2 billion won last year, a 3.3% increase from the previous year.

While there was no significant growth in specific segments due to the saturation of the overall IT security product market, it is analyzed that endpoint solutions capable of responding to intelligent attacks and messaging security solutions driven by the increase in ransomware attacks showed relatively high growth, driving the overall growth of the IT security product market.
The size of the domestic IT security product market covered in this report is calculated by analyzing the market established in Korea based on the security appliance and security software research (Tracker) regularly conducted by IDC.

Choi Moon-soo, a researcher at IDC Korea, said, “Cl"With the expansion of cloud environments, companies are paying close attention to the security levels and reliability of the cloud," he said, adding that "interest in security solutions capable of flexibly handling both cloud and existing on-premises environments will further increase."

Kim Min-cheol, a senior researcher at IDC Korea, added, "We must avoid fragmentary security that deploys security equipment only in key network segments and ensure integrated security from endpoints to the core," explaining that "a comprehensive security policy must be established through the mutual analysis of both inbound and outbound traffic."

"Interest in security solutions capable of flexibly adapting to both cloud and existing on-premises environments will increase further."

Meanwhile, the report stated that as the concept of IT security is gradually changing, security policies relying solely on security equipment are no longer effective. It emphasized that, along with corporate operations and comprehensive IT security policies, enhanced security awareness among employees must be a prerequisite for successful security.

In addition, while the emergence of service models related to cloud technologies, such as SaaS and IaaS, has acted as a growth factor in the overall domestic IT market, cloud-related security businesses in the IT security market were assessed as still being in their early stages. However, as the use of cloud services such as AWS and Microsoft Azure increases among domestic companies, the SECaaS (Security as a service) market provided by these cloud providers is expected to gradually expand.