Network security global market worth $9.5 billion by 2015, report says
Tuesday, April 14, 2009
The global network security market is projected to reach about $9.5 billion by 2015, according to a report released Monday by Global Industry Analysts.
Increasing security threats, steady infrastructure expansion and growing spending on security are contributing to the expansion of the network security market, which is largest in North America, followed by the Asian-Pacific market, which will grow the fastest, Global Industry Analysts said.
The report says unified threat management (UTM) is the fastest growing product segment of the network security market, followed by the intrusion detection and intrusion prevention (IDS/IPS) segment.
"The UTM market is growing at the cost of other product segments buoyed by its capability to provide comprehensive security and increasing customer demand for integrated security solutions," the company said in a release. "Sales factors or price-points, including speed, network-policy enforcement, and scalability, are the major factors driving the acceptance and adoption of UTM appliances."
The report discusses the prevailing trends, recent developments, product profile, players, competition, demand forecasts, mergers, acquisitions and other strategic industry activities, the company said.
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