Broadband security market set to boom

A combination of increasing user awareness and wider uptake of broadband and internet services will drive security demands and markets over the coming three years.

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By  Zoe Moleshead Published  February 5, 2003

A combination of increasing user awareness and wider uptake of broadband and internet services will drive security demands and markets over the coming years. According to In-Stat/MDR, the consumer broadband security market will grow from US$74 million in 2000 to a whopping US$824 million in 2004.

The research group predicts that the market will grow at a compound annual growth rate (CAGR) of 46% up to 2006, spurred on by consumers concerns over the security of broadband. Service providers will also begin to roll out security services to subscribers to supplement revenues and temper consumers concerns. While traditional networking equipment will also be beefed up with more robust security features.

“The increasing popularity of broadband among consumers and businesses is spurring demand for new hardware, software and services to protect against the many security risks in the wild,” says Jaclynnn Bumback, analyst, In-Stat/MDR.

“While these security risks can take many forms, such as viruses, worms, hackers or war drivers, security vendors are targeting low end business and consumer markets with easy-to-use software and plug and play hardware to secure the most novice computer user,” she adds.

In-Stat MDR anticipates that the perimeter protection and virus scanning markets will drive the broadband security market, while vendors will also be pushed to enhance security of wireless networks.

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