eFiles: April 30, 2001
Hot Sales Growth for the Three As
The three As - authentication, authorization and administration - represent the largest and fastest-growing segment of the Internet security software market, according to a recent report from International Data Corp., of Framingham, Mass.
Fueling demand is companies increasing need to give external access via the Internet to their internal networks, servers and applications, IDC said.
The company expects worldwide revenues for the three As to accelerate at a compound annual growth rate of 28 percent, from $2.8 billion last year to $7.7 billion in 2004.
Put Your $$ Where the Hackers Are
Savvy investors looking for stability in todays post-dot-com stock market may want to take a look at the network security industry. According to The Yankee Group Inc., in Boston, new security products and the maturation of security service providers will be the drivers of more than 100 mergers and acquisitions this year.
Enterprises are now taking a serious look at security services such as secure content delivery, a market that Yankee predicts will surpass $200 million this year and grow to more than $2 billion by 2005. The analyst group also estimates that the managed security service provider market will exceed $2.6 billion by 2005 as vendors meet the needs for secure e-commerce, Web hosting and IP virtual private networks.
Other prevalent security trends include the increased importance of security service switches, security intelligence servers and biometrics.