[ISN] Internet security market grows by $1 billion

Forwarded From: darek milewski <darekm@cmeasures.com>

http://www.infoworld.com/cgi-bin/displayStory.pl?990330.ensecurity.htm
IDC: Internet security market grows by $1 billion
By Juan Carlos Perez
InfoWorld Electric
Posted at 11:22 AM PT, Mar 30, 1999

  Security threats continue to increase as more companies provide external
access to their internal systems via the Internet for things such as
Internet commerce, prompting many companies to increase spending on
Internet security software, according to a new study. 

  The worldwide market for Internet security software grew from $2 billion
in 1997 to an estimated $3.1 billion in 1998, according to a study
released Tuesday by market research company International Data Corp.
(IDC), in Framingham, Mass. 

  The market for Internet security software is expected to reach $4.2
billion worldwide in 1999, and to grow to $7.4 billion in 2002, according
to IDC, which based the study on a survey of 300 companies with more than
$100 million in annual revenues. 

  In general, the Internet software security market is expected to post a
compound annual growth rate in terms of revenues of about 30 percent
between now and 2002, IDC said. The firewall segment of the market is
expected to have the fastest growth, with an estimated 40 percent compound
annual growth between now and 2002, IDC said. 

  Anti-virus software will be the largest segment of this market in 2002,
when it will account for almost half -- $3 billion -- of the worldwide
revenues from Internet security software, IDC said.  Survey respondents
suffer an average of 81 viral infections in a 12-month period, a situation
that affects just more than 12 percent of their workforce. 

  Other segments of this market, as defined by IDC, are encryption
software and software for authorization, authentication, and
administration. 

  International Data Corp., in Framingham, Mass., can be reached at
www.idc.com . 

  Juan Carlos Perez is the Latin America bureau chief for the IDG News
Service, an InfoWorld affiliate.  --

-o-
Subscribe: mail majordomo@repsec.com with "subscribe isn".
Today's ISN Sponsor: Hacker News Network [www.hackernews.com]