The worldwide market for Internet security software added almost $1 billion to its coffers and reached $138 billion in 2005, according to a report by International Data Corp. (IDC).
IDC’s report “Internet Security Software: 2006 Worldwide Markets and Trends” found a 43 percent increase in the Internet security software market from 2004 to 2005. In 2007, the report says, the market will jump another 40 percent to $184 billion.
Trend Micro and Symantec currently have a stronghold on the Internet security software market, together accounting for one-third of its revenues, with 17.1 percent and 16.5 percent market shares, respectively. The next closest competitor, according to IDC, was Mcaffe, which had less than half the revenues of each of the two leaders.
In 2006, the largest regional market for Internet security software was the US, representing 54 percent of the market. Western Europe presents the next largest opportunity, with 28 percent market share in 2006.
By 2007, IDC expects the Internet security market to have more than double its 2005 value. As per image attached to the article.
“As the concept of large business units is reaching saturation, vendors of security services must provide options that combine various functionalities at attractive prices to achieve growth in these markets,” states the analyst. “Under security management, end users demand functionalities such as correlation and analysis of security-related data from different solutions on a single platform.”
The VPN and firewall markets are rapidly merging into a single market, and hardware-based solutions are beginning to dominate some portions of the market. Firewalls implement basic network security. Firewalls enforce security restrictions and prevent inappropriate access to internal networks. They work by analyzing each network access request. Requests are compared to a list or database of approved source IP addresses and other parameters.
The primary function of firewalls is to manage security for transactions over an internal enterprise network and to support transactions over the Web. The distributed network systems depend on transaction servers that provide failover, load balancing, clustering, and advanced mission critical systems capability.
Firewalls offer a complete security platform for Web and wireless e-commerce applications. Firewalls include support for Web servers, enterprise servers, Internet security, database access, and distributed transaction management servers.
Worldwide firewall, VPN, and routers with integrated security shipment forecast analysis indicates that markets at $3.1 billion in 2003 are expected to reach $18.6 billion by 2009.
report regarding the aspects Global Market related to IT product and Services is broader in scope and examines all aspects of an IT Security Products & Services environment. It provides information about Technology, competitors, market structure, IT Budget trends, technological advances, and numerous other factors that make up IT Security Products & Services environment in global sector.