http://www.cnet.com/investor/news/newsitem/0-9900-1028-20025065-0.html?tag=ats 06/10/02 04:47 PM Source: Reuters SAN FRANCISCO, June 10 (Reuters) - Spending on "virtual private networks" will grow more than 100 percent over the next four years, topping $46 billion worldwide in 2006 as companies increasingly jump online and the ranks of telecommuting employees grow, according to a forecast released on Monday. Virtual private network (VPN) technology allows users of private networks, mainly corporate networks, to transmit secure electronic data and content over public online networks. That allows companies to replace expensive private networks with less expensive online access to the Internet. San Jose, California-based market research firm Infonetics Research Inc. forecast that worldwide spending by VPN users on VPN products and services will rise 117 percent to $46.2 billion in 2006 from $21.3 billion this year. Affordability and security will join rising electronic commerce and more and more remotely-based and mobile workers as spurs to increased VPN spending by companies, said Jeff Wilson, executive director of Infonetics Research. "Because of the cost savings potential of VPNs, and general interest in security, the VPN market is still growing strongly despite a nearly two-year-old economic downturn," Wilson said. Infonetics said its forecast is based on interviews with 240 purchasing decision-making network managers at small, medium, and large organizations. Separately on Monday, VPN technology provider Check Point Software Technologies Ltd. said its current second quarter was going according to plan, with healthy demand from customers despite the weak economy. The Israeli company makes software to block intruders from breaking into virtual private corporate networks. - ISN is currently hosted by Attrition.org To unsubscribe email majordomoat_private with 'unsubscribe isn' in the BODY of the mail. - ISN is currently hosted by Attrition.org To unsubscribe email majordomoat_private with 'unsubscribe isn' in the BODY of the mail.
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