Worldwide e-security spending up 30pc
Worldwide e-security spending up 30pc
The global security software and appliance market grew by 30 percent during 2004, with revenues topping USD3.7 billion.
That’s according to market research and consulting firm Infonetics Research which also predicts that the security market will continue to grow strongly and will be worth USD5.5 billion by 2008.
On a sequential basis, revenue in the security software and appliance market grew 5 percent in the fourth quarter of 2004 compared to the previous quarter. Moreover, the report estimates that the fourth quarter of 2005 will see revenues jump 25 percent year-on-year to reach USD1.2 billion.