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Compliance market booming business

Posted by editors itwnet     July 26, 2006    
Companies worldwide, but primarily in the United States will be spending a lot more on compliance in the coming years, writes Allen Bernard on CIO Update.

The compliance infrastructure market is expected to pass the $21 billion mark in 2010, increasing at a compound annual growth rate of 18.4% from 2005 to 2010, a new IDC study reveals.

The study found that revenue contribution from services will continue to account for the largest portion of spending in 2006, as organizations continue to focus on the IT processes, configuration, and design of their IT infrastructure.

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