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Network security mkt set for stronger growth: rpt

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CIOL Bureau
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CAMPBELL, USA: Spending on network security appliances and software grew 3 pc in 2011 and is expected to increase by 8 pc in 2012, according to new market data released by market research firm Infonetics Research from its fourth quarter (4Q11) Network Security Appliances and Software vendor market share and forecast report.

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As economies attempt to recover (despite some hiccups) and more security threats emerge every day. The consumerization of smartphones and the proliferation of smartphones, iPads, netbooks, and other mobile devices connected 24/7 to the Internet are driving companies to reassess how critical infrastructure in HQ, branch offices, remote offices, and data centers is protected from malware," explains Jeff Wilson, principal analyst for security at Infonetics Research.

HIGHLIGHTS

.   The global network security appliance and software market grew 8 pc in 4Q11 to $1.58 billion, on the heels of a nice bump up in 3Q11, making for a strong second half of the year for network security

o   Infonetics' network security revenue forecast hit within 1pc of actual fourth quarter results

.   Market leader Cisco increased its network security appliance and software revenue 11pc in 4Q11, easily maintaining its #1 position with close to 1/3 of global revenue

.   Check Point's network security appliance and software revenue jumped 19 pc in 4Q11, placing them ahead of Juniper, who finished 2011 in 3rd overall

.   Infonetics has increased slightly its long-term network security revenue forecast, expecting the global market to grow to $6.7 billion by 2016



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