Report in WirelessEurope says "European IT security market to be worth $6.2b by 2005 ".

0 Comments | M2 Presswire, July, 2001

M2 PRESSWIRE-25 July 2001-Visiongain: Report in WirelessEurope says "European IT security market to be worth $6.2b by 2005 " (C)1994-2001 M2 COMMUNICATIONS LTD RDATE:25072001 The European market for IT security products including software and hardware will soar from $1.8 billion last year to $6.2 billion in 2005, according to the latest report from International Data Corp.

Although software such as Security 3A software will remain the largest sub-market in security, software will lose market share to hardware, which is expected to grow at roughly twice the rate. IDC said that by the end of 2005, hardware products will represent more than 42 per cent of European security market revenue. The largest sub-division in hardware will be the firewall...