Global network security market to reach $9.5 billion by 2015

Published 14 April 2009

The global network security market continues to witness increasing growth driven by expansion of enterprise networks, growing security threats, increasing adoption of advanced products, and expansion of lesser-developed markets; spurred by favorable trends, the network security market is expected to reach $9.5 billion by 2015

Here are highlights from a new report by Global Industry Analysts, Inc.:

  • The global network security market is will reach about $9.5 billion by 2015. North America represents the largest market for network security. Asia-Pacific is the fastest growing market over the 2006-15 period. Increasing security threats, steady infrastructure expansion, growing spending on security solutions, and economic development are contributing to the brisk growth of network security market in Asia-Pacific. Network security market in the rest of the world, which includes Africa/Middle East and Latin America, represents the second fastest growing market behind Asia-Pacific.
  • Intrusion Detection System/Intrusion Prevention System market is projected to become the second largest product segment, behind unified threat management, of network security market. The IDS/IPS segment is  projected to experience a comparatively slower growth in the upcoming years, however, owing to increasing competition from other product segments. The world market for intrusion detection systems is gradually making a transition to prevention from pure detection, propelled by advancements in detection technology. The world IDS/IPS market is moving toward maturity owing to consolidations and product expansions by intrusion detection/prevention systems vendors.
  • Unified Threat Management market is one of the fastest growing segments over the period 2006-15. The UTM market is growing at the cost of other product segments buoyed by its capability to provide comprehensive security and increasing customer demand for integrated security solutions. Sales factors or price-points, including speed, network-policy enforcement, and scalability, are the major factors driving the acceptance and adoption of UTM appliances. Further, demand for UTM appliances is also driven partly by their compliance to the industry and government regulations and laws.

These and other market data and trends are presented in “Network Security: A Global Strategic Business Report” published by Global Industry Analysts, Inc. This GIA report discusses the prevailing trends, recent developments, product profile, players, competition, demand forecasts, mergers, acquisitions, and other strategic industry activities. Note that the network security market is compact, with four major security vendors holding dominant share. Leading global players discussed in the report include Cisco Systems, Juniper Networks, Check Point, Nokia, Microsoft, IBM ISS, Fortinet, McAfee, SonicWALL, Trend Micro, Sourcefire, TrippingPoint, Secure Computing, Norte, F5 Networks, Citrix, Array Networks, and others.