[ISN] Internet security market grows by $1 billion

From: mea culpa (jerichoat_private)
Date: Tue Apr 06 1999 - 15:30:57 PDT

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    IDC: Internet security market grows by $1 billion
    By Juan Carlos Perez
    InfoWorld Electric
    Posted at 11:22 AM PT, Mar 30, 1999
      Security threats continue to increase as more companies provide external
    access to their internal systems via the Internet for things such as
    Internet commerce, prompting many companies to increase spending on
    Internet security software, according to a new study. 
      The worldwide market for Internet security software grew from $2 billion
    in 1997 to an estimated $3.1 billion in 1998, according to a study
    released Tuesday by market research company International Data Corp.
    (IDC), in Framingham, Mass. 
      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. 
      Anti-virus software will be the largest segment of this market in 2002,
    when it will account for almost half -- $3 billion -- of the worldwide
    revenues from Internet security software, IDC said.  Survey respondents
    suffer an average of 81 viral infections in a 12-month period, a situation
    that affects just more than 12 percent of their workforce. 
      Other segments of this market, as defined by IDC, are encryption
    software and software for authorization, authentication, and
      International Data Corp., in Framingham, Mass., can be reached at
    www.idc.com . 
      Juan Carlos Perez is the Latin America bureau chief for the IDG News
    Service, an InfoWorld affiliate.  --
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