This IDC study, which is a translation of the Japanese report IDC #J11120107, analyzes the results of the survey conducted in September 2011 of chief compliance officers (CCOs) from 180 listed and non-listed financial institutions with fewer than 999 employees. This study also estimates the size and spending of the compliance-related IT market (hardware, software, and IT services) based on the actual spending in 2010 and estimated spending for the period 2011-2015.
The survey results show that the legal challenges faced by SMBs in terms of contract management, security sharing responsibility, and so on impede small and medium-sized businesses' (SMBs) cloud implementations. "IT vendors should seek to collaborate with auditors/accounting firms, law firms, and third-party certification agencies to provide standardized compliance/security management for cloud environment. They should also actively promote the creation of common system frameworks, such as service-level agreements (SLA) that are in accordance with the real situation faced by SMBs," says Eiji Sasahara, research manager, IT Spending, IDC Japan.
Japan Small and Medium Business Markets Compliance and IT Usage Survey 2011...
December 05, 2011
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