Firewalls and VPNs drive security spending

    Date14 Jun 2002
    CategoryFirewalls
    3688
    Posted ByAnthony Pell
    End-user investment in firewalls and virtual private networks (VPNs) will lead to the security market growing to $18.9bn worldwide by 2005, according to a report by analyst Datamonitor. Awareness of cyberterrorism has forced companies to focus on the effectiveness of their . . . End-user investment in firewalls and virtual private networks (VPNs) will lead to the security market growing to $18.9bn worldwide by 2005, according to a report by analyst Datamonitor. Awareness of cyberterrorism has forced companies to focus on the effectiveness of their security. The report, Global Network Security Markets: An Evolving Market, predicts major IT security investment next year with Europe, Middle East and Africa accounting for $6.2bn.

    The report says user expenditure on firewalls and VPNs will rise from just over $2bn last year to $7.5bn by 2005, through vendors such as Check Point, Cisco and ISS. "The biggest driver for VPN solutions is by far the savings that companies can make relative to their expenditure on dedicated circuits," said Ian Williams, e-security analyst at Datamonitor.

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