Demand for Internet-based security products is exploding, as sales reached $243 million last quarter and are expected to more than double next year, a new study shows. With Check Point Software Technologies and Cisco Systems leading the way, sales of . . .
Demand for Internet-based security products is exploding, as sales reached $243 million last quarter and are expected to more than double next year, a new study shows. With Check Point Software Technologies and Cisco Systems leading the way, sales of virtual private networking (VPN) hardware grew to $243 million during the 2000 third quarter, triple the revenue from the same period last year and a growth of 32 percent from the previous quarter.

Sales of security products are expected to skyrocket to $506 million in revenue next third quarter, according to a new study by market research firm Infonetics Research.

"We're at the beginning of a period of astronomical growth in the VPN market," Infonetics analyst Jeff Wilson said in a statement.

VPNs allow companies to create secure connections using the Internet, offering a cheap and easy way to connect not only mobile workers, but also branch offices and partners to their corporate computer systems.

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