Logblog: Network security market to surpass $5 B this year

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Network security market to surpass $5 B this year

A new report form CA-based Infonetics Research on the state of worldwide network security appliance and software sales says that there has been an increase of 15% to $4.5 billion between 2005 and 2006, forecasting that the network security market industry will surpass the $5 billion mark for the first time in 2007.

Jeff Wilson, principal analyst at Infonetics Research says that "the most important appliance category to watch over the next year is secure routers."

Key findings in the Network Security Appliances and Software report are:

Secure routers account for 29% of the total integrated security appliance market in 2006 and will continue to increase their share of the market through at least 2010

Worldwide SSL VPN gateway revenue jumped 40% in 2006, following a 61% increase in 2005

Worldwide IDS/IPS (intrusion detection and prevention systems) revenue grew 19% in 2006

Cisco continues to lead the overall network security market, with 38% worldwide revenue share in 2006, posting growth in all network security market segments tracked by Infonetics

Juniper and Check Point are tied for second, each with 9% worldwide revenue in 2006

More info and to preview Infonetics reserach is here.

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