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Global Network Security Up By 16%
The escalating instances of security bypass, data hacking and denial-of-service attacks are just a few reasons that has made securing the network a crucial task for businesses.
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The emergent IT security market has significantly evolved to play a more qualified role over the past couple of years with customers demanding more reliable and multi-functional devices, software applications.
Revenue from global IT security market appliances and software grew roughly by two percent between the periods from the fourth quarter of 2005 to the first quarter of the current year. IT security Industry revenues crossed $1.5 billion during the first quarter of 2006. The global IT security market is divided into product categories, with integrated security appliances and software contributing 75 percent, followed by intrusion protection and detection systems which constitute roughly about 15 percent and the remaining ten percent is attributed to gateway anti-virus.
Cisco is the market leader for security software systems with 35 percent market share, followed by Check Point Technologies and Juniper jointly with nine percent share.
RNCOS market research report, IT Security Market Worldwide (2006-2007) finds that the global network security appliance and software market sales were up by 16 percent with a revenue of $4.5 billion during 2005 from that of $3.8 billion in 2004.
Key Highlights
- The competitive market landscape in the global IT Security market.
- Analysis of the IT security market on the basis of product categories, their worldwide and region wise market share, revenue and growth prospects.
- Key drivers, opportunities for growth, and threats against the IT security industry.
- Update on the recent developments in the IT security industry.
- Snapshots of the key players in the IT security industry.
This report helps to give an overview of the IT security market worldwide that can be of interest to CIOs and other IT staff of organization, IT security Appliance and Software Manufacturers, Prospective Investors, Students and academicians.
About RNCOS:
RNCOS, incorporated in 2002, provides Market Research Reports for your business needs and aims to put an end to your information pursuit. Our expertise in gathering global business information for industry research, corporate training, growth consulting, and business consulting, brings reputed companies and firms to us for business enhancement solutions. We can be your one-stop-shop for Industry research information and niche market analysis.
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