Study: Network security market to reach $6 billion

Andrew R. Hickey, News Writer

Network security software and hardware is expected to be a $6 billion market by 2008, a jump fueled primarily by the increasing need for companies to purchase products that secure content and devices, such as intrusion prevention systems (IPS) and network access control (NAC) equipment.

According to a third-quarter study by Campbell, Calif.-based Infonetics Research Inc., NAC is now the "Holy Grail" of network security, pushing the total market for security products to $1 billion this year.

But NAC isn't the sole contributor to the booming security market. According to Infonetics principal analyst Jeff Wilson, hackers are inventing new ways to attack corporate networks, and vendors are just as quickly devising ways to protect against them. Those innovations, he said, will continue to push the security market higher.

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"First, there's a real need for enterprise-class security for handheld devices, especially wireless client devices, such as Wi-Fi VoIP handsets," said Wilson in a second study, "User Plans for Security Products and Services: North America 2005." "Second, as the next step in perimeter security, network IPS is beginning to make the transition from niche security technology to core network infrastructure. … And, finally, enterprises are fed up with viruses, spyware and malware, and are willing to make significant investments to put a stop to them."

Infonetics identified the following trends in the burgeoning security market:

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