Security industry future looks solid, say analysts
Reports predict revenues will continue rising.
Analyst firm Global Industry Analysts (GIA) has released its latest report on the future of the IT
security market, predicting 'stupendous growth' and suggesting revenues may exceed $79 billion by 2010.
The study backs up a recent Frost & Sullivan report on the anti-malware market, also suggesting
strong growth over the next few years.
The GIA report sees US and European markets dominating, with 71% of all sales in those regions, but the Asia-Pacific
area showing the fastest growth. The largest market section, security services, is predicted to reach $29 billion
by the end of this year. The hardware market is set to expand considerably, with 20% growth expected, as is
secure content management, due to grow a massive 37%.
The anticipated growth is put down to increasingly universal demand for security products and technological
innovation within the industry. Other predications include a continuation of the movement towards greater
consolidation, with more smaller and regional companies absorbed by growing global giants, a trend highlighted
by the recent purchase of Postini by Google.
The Frost & Sullivan report, released earlier this month, focused on the anti-malware market and
found revenues in the sector had grown over 17% in the past year, with further expansion of over 10% per year
expected for several years to come. The analysts highlighted the ever-growing dangers of cybercrime and
for-profit malware as the most significant factors in the upward trend.
A summary of the GIA findings is
here, and the
full report can be purchased here. Some analysis of the
Frost & Sullivan findings at vnunet is
here, and the report itself
can be obtained, for a price,
here.
16 July 2007
Tags:
analysts, corporate, market.
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