The following e-mail will be sent on your behalf.

 has sent the following story to you from ElectricNews.net.

The story is available from https://electricnews.net/news.html?code=2884754

E-security market looks to grow
Friday, August 31 2001
by Tony O'Brien


The worldwide market for Internet security is forecast to reach USD14 billion in
the next four years, according to IDC.





Even with the current economic instability, it is predicted that the market will
see steady annual growth in all four security software markets -- firewalls;
encryption software; security authentication, authorisation and administration
("3A"); and anti-virus software. The four markets all grew by 25 percent or
more last year, according to a new report. 







Overall, the worldwide Internet security software market increased by 33 percent
to USD5.1 billion in 2000. By 2005 IDC claims the market is predicted to amass
more than USD14 billion in revenue, a 2000 to 2005 compound annual growth rate
(CAGR) of 23 percent. 





"For security software vendors, the current economic instability is a
double-edged sword," said Brian Burke, senior research analyst with IDC, who
produced the report. "On the one hand, it's forcing companies to reduce
spending. On the other, it's forcing them to look for ways to cut costs, become
more security proficient and build trusted relationships with customers,
partners, suppliers and channels -- which are areas security software can help."






IDC expects security authentication, authorisation and administration to be both
the largest and the fastest-growing segment of Internet security software. It
forecasts that 3A revenues will increase to over USD9.5 billion, representing a
2005 market share of 67 percent. 





Anti-virus software will also play an important role in the market's growth,
according to the research firm. "The explosive growth of wireless handheld
devices that are able to transmit and receive data opens the door to a whole new
opportunity for virus writers and the vendors who try to stop them," Burke said.






North America will continue to account for more than half of the worldwide
Internet security software revenue in 2005 at 52 percent. Asia-Pacific will be
the fastest-growing region for Internet security software with revenues
increasing at a 2000-2005 CAGR of 32 percent. According to IDC, this growth will
help hike market share in this region from 12 percent in 2000 to 17 percent in
2005.