Remote working drives network security market

According to In-Stat/MDR, the network security market will boom from US$2.3 billion in 2001 to US$5.8 billion in 2006, driven by the demand for virtual private networks and firewalls.

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By  Zoe Moleshead Published  January 28, 2003

As employees become increasingly mobile and corporate networks continue to expand, enterprises are placing greater emphasis on network security. As such, the network security market is expected to double over the next five years. According to figures from research group, In-Stat/MDR, the market will boom from US$2.3 billion in 2001 to US$5.8 billion in 2006.

The market will be driven by demand for firewalls and virtual private networks (VPNs), which will rack up sales of US$3.8 billion by 2006, as well the integration of security into combination boxes.

“Keeping the bad guys out of the corporate network continues to a challenge for organisations of all sizes,” says Jaclynn Bumback, analyst at In-Stat/MDR.

“Fortunately, firewalls, virtual private networks and intrusion detection systems (IDS) work to protect the corporate border,” she adds.

In-Stat/MDR also discovered that remote access is the top security priority for enterprises in 2003. VPNs and virtual intranets & extranets will prove the most in demand solutions as an increasing number of enterprises extend their networks to facilitate remote working.

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