A new security report by
Juniper Research shows that the market for protecting business laptops, desktops and mobile devices with antivirus, encryption and firewall software is all set to grow. They predict this market to reach $16.4 billion by 2014.
According to Juniper Research (
News -
Alert), network-based security provision to the business “endpoint” will account for close to 20 percent of the market by that year. The current trend is to adopt “endpoint solutions,” where IT security staff can manage the security on a company’s desktops and other devices remotely through the network.
In future devices will become both more mobile and more likely to carry sensitive company information. Thus the demand for business IT security products will be driven by the need for encryption products, said Juniper.
In a release, Juniper analyst Anthony Cox (
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Alert) observed that the encryption function will become very important because both governments and businesses will realize the vulnerability of data on corporate machines and the importance of data protection.
The encryption market will also be supported by data protection legislation covering personal information on company phones and other office hardware. This holds true especially for the US, Europe and Japan markets.
Endpoint and Unified Threat Management (UTM) options are already used in the market but it is still difficult to provide all the elements of a business security solution in one package. The challenge is even greater if mobile devices are to be protected as well.
Other findings from the report “Endpoint Security for Business: Desktops, Laptops & Mobile Devices 2009-2014” show that, overall, the business security market (excluding mobile) will be worth $15.7 billion by 2014.
The research firm predicts encryption to increase at a rate of 26 percent to $4.3 billion in 2014. The growth as mentioned earlier will be largely due to the legislation governing data protection.
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