Steady growth for network security

Infonetics Research has recorded modest growth for the worldwide network security appliance and software market, with revenue up 5% between the last quarter of 2004 and the first quarter of 2005.

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By  Simon Duddy Published  July 14, 2005

Infonetics Research has recorded modest growth for the worldwide network security appliance and software market, with revenue up 5% between the last quarter of 2004 and the first quarter of 2005. The firm forecasts that the segment will grow 27% to US$1.3 billion in the first quarter of 2006 and also estimates that total annual revenue for market will grow to US$6.5 billion by 2008. “This was a fairly quiet quarter overall, with Cisco's big jump in hardware secure router revenue clocking in as the only major event,” says Jeff Wilson, principal analyst at Infonetics Research. “The network security market will grow at a 15% compound annual growth rate between 2004 and 2008. This strong growth is being driven by the many new viruses, malware, and targeted attacks that surface every day, compelling companies of all sizes to invest in security. Many areas in the market will continue single and double-digit quarterly growth over the next few years,” he explains. Infonetics says Cisco is the worldwide leader in revenue market share in the overall network security appliance and software market, with Check Point in second, Juniper third and Enterasys, ISS, McAfee, Nokia, Nortel, SonicWall and Symantec all strong second-tier players. In terms of product type, VPN and firewall appliances and software make up the majority of revenue (78% in 1Q05), with intrusion detection systems and intrusion prevention systems (IDS/IPS) second at 14% and gateway antivirus third at 8%.

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