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Global
News
October
27, 2003
VPN, security product and service
spending set to jump
UNITED
STATES -- European end-user VPN, and security product
and service expenditures will likely grow 69 percent,
from $10.7 billion to $18.1 billion between 2003 and
2007, according to Infonetics Research's latest study,
User Plans for VPN and Security Products and Services,
Europe 2003.
Jeff
Wilson, principal analyst of Infonetics Research, said:
"Hackers are becoming more sophisticated, using
application-layer attacks and the vulnerabilities created
by the proliferation of Internet connectivity and VPNs
to ravage enterprise networks like never before. We
are in a major state of technical innovation for VPN
and security products, as these products have to get
better at identifying and stopping attacks."
Trends
in the European VPN and security market:
- Worldwide
end-user VPN product and service expenditures will
grow 42 percent between 2003 and 2007, from $25.3
billion to $35.8 billion;
- Worldwide
end-user security service expenditures will grow 88
percent between 2003 and 2007, from $5.2 billion to
$9.8 billion;
- The
fear of being hacked by outsiders is the leading factor
that pushes respondents to buy security products and
services;
- European
respondents are not as enthusiastic about handling
VPN deployment themselves; only 39 percent plan to,
in contrast to the two-thirds to three-quarters of
North American organisations, interviewed by Infonetics,
that plan to deploy themselves;
- Use
of integrated security appliances in 2003 ranges from
a low in the UK (35 percent of respondents) to a high
in Germany (59 percent)
Contact:
Infonetics Research Inc.
Tel: +1-408-298-7999, Ext 226
jeff@infonetics.com
www.infonetics.com
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