The security software and appliance market rose by 30 per cent last year and is predicted to be worth $5.5billion worldwide by 2008 according to a new report.
The figures, by analysts Infonetics Research, show growth in all security categories except the Firewall/VPN market. Last year revenue topped $3.7billion for the whole market.
The strong growth is being attributed to factors such as new viruses, malware and hacking attacks. Analysts said these were "compelling companies of all sizes to invest in security". The main growth appears to be in integrated security appliances, as more functions become absorbed by these products.
Read this full article at SCMagazine
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