In the early 1990’s, software exports from Israel totaled $90 million. In 2000, that figure was up to $2.6 billion. Today, software exports have topped $3.6 billion, representing over one-quarter of all technology exports from Israel and almost one-tenth of total national exports. Additionally, the Israeli software sector draws over one-third of all foreign investment in Israel.Israel’s unique geographic, geopolitical, demographic, and cultural characteristics have combined to create a genuinely different software development climate – where innovation and entrepreneurship is the norm, early adoption is the rule, and thinking “out of the box” is a day to day phenomenon
Israel Software Industry Review: Addressing Cloud Computing Challenges
Cloud computing is one of the most important technology trends of our time, ushering in a new era of IT. The adoption of cloud computing has continued to grow despite the recession, and is expected to accelerate over the coming years, affecting every aspect of IT. However, in order to realize the vision of cloud computing, significant technology gaps still need to be filled. IDC believes that the following trends will have a significant impact on the potential growth of cloud computing:
Security, availability, and performance issues are cited as the top challenges or barriers for the adoption of cloud computing. Given this, there is an increasing demand for new solutions addressing the unique security and management problems associated with cloud environments.
A wide range of applications – including multiple enterprise applications, verticalspecific applications, and niche applications – are now offered as software as a service (SaaS). This trend can be seen as an indication of the “long tail,” whereby companies profit from selling multiple unique items in relatively small quantities. This phenomenon clearly applies to software as a service (SaaS), as it enables software vendors to utilize the Web-based delivery model to target the long tail of niche audiences.
Given the benefits of a hybrid cloud, which combines aspects of both private and public cloud computing, it will serve not only as a transition phase, but also as a sustainable model that provides the advantages of both worlds.
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The Changing Landscape of IT Security: Emerging Trends and the Role of Israeli Innovation
The IT security industry is undergoing fundamental changes, driven by issues such as information-intensive regulations, the blurring in the traditional distinction between insiders and outsiders, and the increasing usage of consumer applications and unmanaged mobile devices in corporate environments, to name a few. The move is toward a focus on protecting the information itself, rather than merely the perimeter, against an ever-growing list of potential threats. IDC believes that the following trends will reshape the IT security industry in the coming years:
Information-centric security technologies and solutions are emerging in parallel with the commoditization of other security functionalities. In accordance, emerging security fields focused primarily on protecting sensitive information and business processes – including data loss prevention (DLP), secure collaboration, governance, risk management, and compliance (GRC) – are gaining attention.
The growing convergence of security, systems, storage, and network management, as well as increasing use of managed security service providers (MSSP), represent a mind shift toward reducing operational complexities while consolidating and outsourcing a wider range of common security functionalities that are more network-focused and perimeter-centric.
To a large extent, this global trend is fueled by innovative start-up companies, which have emerged in recent years to offer various related solutions. Many of these companies originate in Israel, which has served historically as a center of innovation for the global IT security industry, as in the cases of firewall and network security, encryption, and others. Looking at the current activities of Israeli security start-up companies can help shed some light on the future of IT security.
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