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Spending On Network Security Set To Increase To 2016

ABI Research : 12 January, 2011  (New Product)
Study performed by ABI Research demonstrates resilience in spending trends on enterprise network and data security products including intrusion detection and Unified Threat Management solutions
The latest global enterprise network and data security market forecasts from ABI Research show that the value of the overall market, which includes secure routers, unified threat management (UTM) appliances, firewalls, virtual private networks (VPN), intrusion detection/prevention systems (IDS/IPS), and network access control (NAC), is set to exceed $10 billion by 2016. In 2010, the market showed remarkable resilience and spending recovery to register 11% growth to more than $6 billion.

Enterprise security needs have intensified due to a growing diversity of threats. However many of the threats result from changes in enterprise information systems and access technologies. They include:

* Increasing complexity of enterprise networks

* Greater use of cloud services

* More endpoints such as smartphones and media tablets connecting to enterprise networks

* Connections by business users to consumer cloud services and applications such as social networking sites, particularly via mobile devices

As the functionality of endpoints becomes more complex and diverse, the risks for enterprise networks have escalated, requiring multi-level security spanning a number of technologies.

Small and medium-sized businesses (SMBs), which typically have limited IT resources and budgets, share similar security concerns as large enterprises do, and face comparable threat levels. Information security compliance is fast emerging as a key driver in the SMB market.

“Vendors are responding to the market’s needs through portfolio expansion, and by offering multiple delivery models,” says senior analyst Subha Rama. “Vendors are offering software blades and cloud-based security services in order to bring down security deployment costs.” Such an approach has resonated very well with enterprises. Over the last few years, there has been a definite shift from point solutions to integrated security, and enterprise-wide security policy and implementations.

“Mobility has added a new dimension to enterprise network security,” adds practice director Dan Shey. “Convergence of communications and the growing use of social networking and smart devices are diversifying the environments containing potential threats.”

ABI Research’s “World Enterprise Network and Data Security Markets” study analyzes key trends in the network security market in terms of growth, technology evolution, and demand patterns by vertical and horizontal industries, and competition.
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