AMI-Partners: SMBs in Singapore Set to Spend Us $46 Million on Security This Year; The Need to Enhance Security Infrastructure is Top of Mind amongst Singapore SMBs.SINGAPORE -- Small and medium businesses in Singapore are expected to spend US$46 million on IT security this year, up 20% from last year. Investments in network firewall/VPN will account for close to a quarter of the spending. But the fastest growing spending will come from intrusion detection See IDS and IPS. , according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the latest report from AMI-Partners. "96% of Singapore SMBs have access to the Internet and they are highly exposed to security attacks from using emails, instant messengers AOL's instant messaging service. See AIM and instant messaging. , webcasting, online procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. and VoIP calls," says Jasmine jasmine (jăs`mĭn, jăz–) or jessamine (jĕs`əmĭn), any plant of the genus Jasminum of the family Oleaceae (olive family). Vincent, Singapore-based Director for AMI-Partners. "These SMBs have traditionally pushed aside critical issues like data and network security, but are now increasingly aware that they need to have strong security measures Noun 1. security measures - measures taken as a precaution against theft or espionage or sabotage etc.; "military security has been stepped up since the recent uprising" security in place." Enormous Security Market Opportunities for IT Vendors Indeed, the Singapore SMB (1) (Small to Medium-sized Business) Also called "SME" (small to medium-sized enterprise), it refers to companies that are larger than the small office/home office (SOHO), but not huge. security market presents an enormous opportunity for IT vendors. The study reveals that amongst all strategic IT initiatives, the need to enhance security infrastructure is top of mind for Singapore SMBs, reflected by a whopping 68% of respondents who view data and privacy enhancements as "important" and "very important". To help SMBs in their security initiatives, IT vendors can work with SMBs to provide value-added advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal . This will be particularly helpful to small businesses (SBs), since AMI-Partners' survey found that only 12% of SBs have full-time employees dedicated to technology management, and over a fourth of SBs have no one looking after it. Given that SBs make up 99% of SMBs in Singapore, IT vendors should develop focused marketing programs and product offerings targeted at this segment. About the Study AMI's 2005-2006 Singapore Small Business Market Overview and Comprehensive Market Opportunity Assessment and 2005-2006 Singapore Medium Business Market Overview and Comprehensive Market Opportunity Assessment studies highlight these and other major trends in the context of current/planned IT, Internet and communications usage and spending. Products and services covered include established and emerging hardware, software, applications and business process solutions. Based on AMI's annual surveys of SMBs in Singapore, the studies track a broad spectrum of issues pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to budgets, purchase behaviors, decision influencers, channel preferences, outsourcing, service and support. Also covered are detailed firmographics and critically important technology attitudes and strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. priorities. These data point to key opportunities and messaging hot buttons for vendors and service providers seeking to match their offerings to SMB market See SMB. requirements. For more information about this study, AMI-Partners, or our global SMB research, please call AMI-Partners at 65-6238-1101, e-mail ask_ami@ami-partners.com, or visit the AMI Web site at www.ami-partners.com. About AMI-Partners AMI-Partners specializes in IT, Internet, telecommunications and business services strategy, venture capital, and actionable market intelligence -- focusing on global small and medium business (SMB) enterprises. The AMI-Partners mission is to empower clients for success with the highest quality data, business planning and "go-to-market" solutions. AMI was founded in 1996 under the name of Access Media International (USA), Inc. by Andy Bose, formerly group vice president at IDC. Since its inception, the firm has built a world-class management team, each with ten to fifteen years' experience in IT, telecom, online communications or multimedia. AMI-Partners has helped shape the go-to-market SMB strategies of more than 150 leading IT, Internet, telecommunications and business services companies over the last ten years. The firm is well known for its IT and Internet adoption-based segmentation of the SMB markets; its annual retainership services based on global SMB tracking surveys in more than 20 countries; and its proprietary database of SMBs and SMB channel partners in the Americas, Europe and Asia-Pacific. The firm invests significantly in collecting survey-based information from several thousand SMBs annually, and is considered the premier source for global SMB trends and analysis. |
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