Internet security, specifically broadband security, will see very high levels of adoption over the next few years a...
February 6, 2003
Internet security, specifically broadband security, will see very high levels of adoption over the next few years as consumers and small business owners become more knowledgeable about their current vulnerable state, reports In-Stat/MDR.
As consumers and broadband businesses become increasingly aware of the vulnerability of broadband, service providers will begin to offer an increasing amount of security services to protect themselves from liability and secure additional sources of
Additionally, robust security features will be integrated into traditional networking equipment, and demand for broadband security hardware, software, and services will increase significantly.
Consequently, the total broadband security market will grow from US$74 million in 2000 to its peak at US$829 million by the end of 2004. The high-tech market research firm reports that this growth will result in a 46 per cent compound annual growth rate for the five-year period ending in 2006.
“The increasing popularity of broadband among consumers and businesses is spurring demand for new hardware, software, and services to protect against the many security risks in the wild,” says Jaclynn Bumback, an analyst with In-Stat/MDR.
The firm also found that the need for perimeter protection and virus scanning will fuel the market, while early adopters begin pushing vendors to secure newer security risks, such as wireless networks.