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Exclosive Growth Next Six Years
Mike Hudack
Editor-in-Chief
According to the Frost & Sullivan consulting company, the information security industry will grow from $1.13 billion in 1998 to $24.75 billion in 2005.
According to Frost & Sullivan, the large growth is due to increased expansion of the Internet and its financial applications. Naturally, financial applications require a high degree of security, in which the need will only increase.
Frost & Sullivan stressed that all computer networking sectors, from LANs to eCommerce, will require computer security products -- and that any "security software vendors that do not heed the signs of this move will have to content themselves with niche markets unless they react," said Andy Tanner-Smith, an analyst with the firm, according to 32 Bits Online.
At this point in the computer security industry´s development the door remains open for entrepeuners. A new product addressing all facets of information security could end up cornering the market.
This predicted increase in the industry has been on the minds of many security experts as of late, especially with the dizzying adaptation of eCommerce and eTrading among large companies. The adoption of Internet stock trading at Merryl Lynch further underlined the need for effective security solutions at all corners of the transaction process.
Vast amounts of money and other assets are being moved online at will, and it´s only natural that the need to secure those moneys and assets would spurn the computer security market to swell. |
