2 June 2008
Enterprise Rights Management (ERM) is increasingly being considered as a critical area of investment by businesses, as they look to secure sensitive enterprise information, it has been claimed.
ABI Research forecasts that the market for ERM will grow steadily over the next five years, reaching annual revenues of $450 million (£229.5 million) by 2013.
"The confidential data held by businesses and other organizations has never been more critical or less secure, especially in light of the trend to outsourcing and offshoring,” said ABI Research industry analyst Zippy Aima.
"Until recently, many companies were rather unaware of the need for higher security. Now, however, the consequences of data loss — compromised commercial strategies, financial liability, tarnished brand image, violation of government regulations and more — are better understood."
The research firm added that there are currently very few players in the ERM market, noting that the next few years mark the strongest growth potential for Enterprise Rights Management before the market becomes commoditised.
Meanwhile research from Infosecurity Europe published last month revealed that three quarters of chief security officers fear applications used by their organisations contain security holes that could easily be exploited by hackers.
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