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Global enterprise network security market: 6.6% CAGR expected between 2012-16

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Global Enterprise Network Security Market 2012-2016 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-15 14:53:03
The Global Enterprise Network Security market is to grow at a CAGR of 6.6 percent over the period 2012-2016. One of the key factors contributing to this market growth is the growing virtualization of servers. The Global Enterprise Network Security market has also been witnessing an increasing adoption of network security solutions by small and medium business. However, the increasing complexity in implementing network security solutions due to growing IT infrastructure could pose a challenge to the growth of this market.

Another interesting trend in the market is the growing demand for network security solutions from SMBs. SMBs are witnessing rapid expansion and growth, and hence they are coming under the purview of regulatory authorities. Earlier compliance regulations that were applicable only to large enterprises are now also applicable to SMBs. Further, the mushrooming of medium financial services companies is drawing the attention of regulatory authorities. Hence, driven by the increase in the frequency of attacks and the stringent compliance regulations, SMBs are adopting network security solutions at a fast rate. Currently, SMBs comprise only 35-40 percent of the Global Network Security market´s end-users. However, such a high rate of adoption will propel SMBs among the top and most prominent end-users of network security solutions by the end of the forecast period.

One of the main drivers is the increase in virtualization of servers. Virtualization is in high demand in the enterprises. Most of the large enterprises are increasingly virtualizing their servers for reasons such as increasing productivity, centralizing management, and cutting costs.

One of the main challenges is the implementation challenges faced by the vendors in the growing IT infrastructure. The large and medium enterprises have customers entering the networks from various geographies, and they always have their employees on the move because of the increasing business needs. This has increased the implementation issues of security solutions.

The key vendors dominating this space include Cisco Systems Inc., Check Point Software Technologies Ltd., Juniper Networks Inc., Fortinet Inc., and McAfee Inc.

The other vendors mentioned are IBM Corp., Hewlett-Packard Co., Microsoft Corp., SonicWALL Inc., Palo Alto Networks Inc., Trend Micro, Sourcefire Inc., F5 Networks, Inc., Citrix Systems Inc., Array Networks Inc., Symantec Corp., WatchGuard Technologies Inc., Nortel Networks Corp., and Clavister AB.

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