PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Growth Slows to 6.5 Percent this Year but Asia-Pacific Network Security Market Remains Resilient Says Frost & Sullivan - The Asia-Pacific network security market is expected to grow by 6.5 percent in 2009, dropping nearly two-thirds from the robust growth in 2008
Growth Slows to 6.5 Percent this Year but Asia-Pacific Network Security Market Remains Resilient Says Frost & Sullivan

 

NewswireToday - /newswire/ - Singapore, Singapore, 2009/06/12 - The Asia-Pacific network security market is expected to grow by 6.5 percent in 2009, dropping nearly two-thirds from the robust growth in 2008.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Security/Anti-Spam Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Last year was perhaps too soon for the Asia-Pac region to feel the full brunt of the financial meltdown, the final quarter however - typically the strongest quarter - was a tell-tale of what to expect in 2009, growing a dismal 1.5 percent over the third quarter of 2008.

According to Frost & Sullivan industry manager Arun Chandrasekaran, however, despite the weak sentiments and businesses exercising caution in spending, the commitment to network security investments remains strong. "Most companies recognise that the risks of not implementing adequate IT security far outweigh the cost of investing in it," he says.

"Amidst pressure to control CAPEX (capital expenditure) and stretch every dollar, companies are more likely to deploy the more affordable converged security solutions," Chandrasekaran adds. "Adoption of managed security services is also expected to rise as companies try to minimise outright purchases."

New analysis from Frost & Sullivan (networksecurity.frost.com), Asia-Pacific Network Security Market, finds that the market - covering 14 Asia-Pacific countries - was worth an estimated US$1.81 billion in 2008, growing 17.9 percent from the year before. A modest CAGR (compound annual growth rate) of 7.5 percent is expected from 2009 to 2015, to gross revenues of just over US$3 billion by end-2015.

If you are interested in a virtual brochure, which provides service providers, vendors/manufacturers, end users, and other industry participants with an overview of the Asia-Pacific network security market, then send an email to Sarah Lourdes at sarah.lourdes[.]frost.com, with your full name, company name, title, telephone number, fax number, and email address. Upon receipt of the above information, an overview will be sent to you by email.

The growth in 2008 continued to come from the epicentres of emerging markets like China, India, as well as ASEAN countries like Vietnam and Indonesia, all registering year-on-year growth rates of above 20 percent.

Firewall and IPSec VPN (Internet protocol security virtual private network) solutions continued to be the dominant choice, accounting for the bulk of revenues last year at 74.6 percent (US$1.34 billion). This trend is likely to continue through to 2015.

The SMB (small and medium businesses) segment contributed slightly more than one-third to the total revenues in 2008. Chandrasekaran expects this percentage to rise over the next few years, "More and more SMBs are beginning to install at least first-layer perimeter defence on their corporate networks as converged or integrated security appliances have made network security affordable for smaller businesses." By 2015, SMBs will account for approximately 45 percent of the revenues.

Despite being one of the hardest hit, the BFSI (banking, financial services and insurance) sector remains the leading adopter of network security solutions at 20.8 percent (US$377 million) of revenues in 2008, followed closely by service providers and the government sector at 18.4 percent (US$333 million) each.

Chandrasekaran believes that the banking sector will continue to be the biggest spender on network security moving forward, mainly due to rising regulatory compliance. Moreover, he says, "Following the loss of public confidence in the banking system after the financial debacle of September 2008, the last thing any CIO would want is a security breach to further dent the confidence of existing and potential customers."

The Asia-Pacific Network Security Market study is part of the Network Security Growth Partnership Service program, which also includes research in the following markets: network access control, managed security services, data security, application security and content security. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Analyst interviews are available to the press.

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 35 offices on six continents.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Security/Anti-Spam Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
IT Security Anti-Spam Computer Security - Purchase keywords tags antivirus software firewall spyware removal virus scan computer security IT Security Anti-Spam malware / Banner Ads!.

 
  Your Banner Ad showing on ALL
IT Security/Anti-Spam articles,
CATCH Visitors via Your Competitors Announcements!


Growth Slows to 6.5 Percent this Year but Asia-Pacific Network Security Market Remains Resilient Says Frost & Sullivan

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Frost & Sullivan |
Publisher Contact: Sarah Lourdes 
+603.6207.1030 sarah.lourdes[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

IT Security/Anti-Spam via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read IT Security/Anti-Spam Most Recent Related Newswires:

Barracuda Simplifies Web Application Security for AWS Customers
Dell Unveils High-Performing, Quad Core Wyse 5060 Thin Client Designed for Knowledge Workers
Check Point vSEC Achieves AWS Security Competency
Gatwick Airport Relies on Splunk Cloud to Enhance Performance and Collaboration
For the Fourth Year, Flexera Software Named a Chicago Tribune 2016 Top 100 Workplace
Barracuda Announces Web Security Gateway Updates to Enhance Advanced Threat Protection, and Network Performance
Portnox Wins Top Honors from Frost & Sullivan for its Software-based Network Access Control Solution, the Portnox NAC
Infinera Powers Cloud Scale Networks with New DTN-X Platforms
ForeScout Named as One of the Fastest Growing Companies in North America on Deloitte’s 2016 Technology Fast 500
Comodo Launches New Full-lifecycle Digital Certificate Management Platform
Privatoria.net Launches An Effective Plugin to Simplify its Users’ Experience
Gigamon to Showcase its Innovative Visibility Fabric Solutions At RSA Conference 2016 Abu Dhabi
CenturyLink and Infinera Deliver 2.5 Tb/s of Super-channel DWDM Capacity at Super Computing 2016
Rising Complex Data-Driven Scenario Creates Growth Opportunities for North American Managed Security Service Providers Finds Frost & Sullivan
Rohde & Schwarz and CELARE Announce Availability of A New SCADA Decoder Protecting M2M Communication from Malicious Code

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  NAKIVO, Inc.





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)