|Security market sees growth signs
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Infonetics Research claims in recent research that ‘standalone’ security vendors such as Check Point and SonicWall are making significant headway in the network security market at the expense of players such as Cisco.
Infonetics claims that Cisco market growth in global network security appliances and software fell from 38 to 35 per cent between Q1 and Q2 of 2009. Of significance was that large network infrastructure roll outs are being delayed but this doesn’t appear to be affecting security-specific purchases. There appears to be a trend towards businesses starting to allocate budgets and spend on security appliances and software.
Check Point gained two points of revenue share between Q1 and Q2 of 2009 which is in stark contrast to Cisco. The research also highlights that SME security spending is coming back faster than enterprise spending, so this should provide a robust Q3 and Q4 for 2009. SonicWall for example realized a 10 per cent revenue jump in Q3.
Infonetics predicts the global network security market will be worth $5.7bn (£3.5bn) by 2013. According to Infonetics, SSL VPN is set to be one of the industries major hotspots, with growth forecast to rise by a double digit in the next year.
SSL VPN is set to be one of the sector’s hotspots, with growth forecast in the double digits over the next year. The IPS sector is also showing encouraging growth signs with a 5.4 per cent sequential rise in product revenues registered in Q2.
ID Theft Protect is pleased to see that research is backing up what we have been saying for the past couple of months – that spending and budgets in the security industry are starting to recover, especially in the ISP and SSL VPN sectors.
The final quarter of 2009, looks like it might well just provide an encouraging double digit growth for some of the major security players.
Source: ID Theft Protect
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