The global Internet security market is estimated to be about $27.7 billion in 2005 and is expected to rise at an average annual growth rate (AAGR) of 16.0%, reaching $58 billion by 2010.
The high growth rate is attributed to a higher demand for strong security solutions in market verticals such as government installations, financial services, and healthcare.
Firewall and content management currently account for a majority share of the market. However, the increasing need to counter ?zero-day? attacks along with the increasing popularity of ?defense-in-depth? strategy will bring unified threat management solutions to the forefront.
Currently, the U.S. and Europe account for a major portion of the Internet Security market. However, the market for Internet Security is expected to grow significantly in the Asia Pacific regions, especially China and India. Increased e-commerce i these region and a simultaneously growing security consciousness will drive the market in these areas.
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Worldwide Internet Security Market, 2002-2010 ($ Millions)
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INTRODUCTION
The internet has led to a change in the way is conducted worldwide. The rapid growth of the Internet and the ensuing prevalence of e-commerce have led to an increase in the demand for Internet security. The Internet?s growing popularity has heralded a new era in which there is a high degree of interconnectivity between different networks. However, this has also increased the opportunity for spreading malicious software and, minuses of unprotected systems, and unauthorized access to confidential information.
The increased use of Internet has increased the opportunity for spreading malicious software or unauthorized access to confidential information due to higher degree of interconnectivity between different networks. This growth has further been accentuated by an enhanced focus on security, post 9/11. Vulnerability to security attacks and the recent spate of serious Internet security threats have been the key growth drivers for this market.
This BCC market research report examines the current status of the worldwide Internet security market and assesses its growth potential through 2010. The study focuses on the key technologies in use and their growth potential. It also explores the applications in various industry verticals and upcoming applications that could give a boost to the industry.
SCOPE OF STUDY
The report contains:
Detailed descriptions of the major types of Internet security solutions
Analysis of each product/service and its impact on future markets across the world
Estimates of the current market size and growth forecasts through 2010
Coverage of the major vertical markets along with the various applications and sub-products in each product category
Discussions of all major technological issues, including the latest trends in the industry
Details of the regulatory environment and a competitive analysis.