The one segment in IT that has seen tremendous growth over the past few years is security. Despite advances in technology, security threats are growing at an alarming rate. The Indian network security market experienced a healthy growth in 2005 reaching about $116 million, up 70 percent compared to last year, says business consulting firm Frost & Sullivan.
Analysts predict that the security market will see some fundamental changes such as convergence, growth of managed secure services, and compliance-driven initiatives, which will put identity and access management in focus.
According to Frost & Sullivan, the network security market (integrated security appliances, standalone appliances, software firewall/VPN and secure content management solutions) will shrink in 2006 due to the bundling of anti-virus, anti-spyware and firewall products. Also, managed security services are expected to grow 39 percent from 2005. Increased managed services will reduce the market size as the service providers can obtain larger discounts for a higher number of end-point licences.Read Full Story