Network Security market up 30% to $3.7B in 2004.

0 Comments | M2 Presswire, March, 2005

M2 PRESSWIRE-7 March 2005-Infonetics Research Inc: Network Security market up 30 to $3.7B in 2004(C)1994-2005 M2 COMMUNICATIONS LTD RDATE:03032005 SAN JOSE, California - Worldwide network security appliance and software revenue topped $3.7 billion in 2004, up 30 from 2003, and is projected to grow to $5.5 billion in 2008, according to Infonetics Research's quarterly worldwide market share and forecast service, Network Security Appliances and Software.

Worldwide network security revenue is up 5 between 3Q04 and 4Q04, with growth in all categories except VPN/firewall software. Revenue is expected to grow 25 to $1.2 billion in 4Q05. Strong growth in the network security market is being driven by the many new viruses, malware, and targeted attacks that...