Security Software Market to Top $7 Billion in 2002

    Date07 Mar 2000
    4167
    Posted ByAnthony Pell
    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 . . . 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.
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