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Burgeoning Security Threats Drive Growth in the South African Network Security Market Says Frost & Sullivan - South African enterprises are reporting a rise in security threats on a daily basis, boosting the demand for advanced network security solutions
Burgeoning Security Threats Drive Growth in the South African Network Security Market Says Frost & Sullivan

 

NewswireToday - /newswire/ - Cape Town, South Africa, 2009/10/27 - South African enterprises are reporting a rise in security threats on a daily basis, boosting the demand for advanced network security solutions.

   
 
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The landing of undersea cables and the resulting increase in broadband penetration are expected to cause a further surge in security threats in the short term. Enhanced regulation is also likely to stimulate demand in previously untapped sectors over the next five years.

New analysis from Frost & Sullivan (networksecurity.frost.com), South African Network Security Market, finds that the market earned revenues of over $119.3 million in 2008 and estimates this to increase nearly fourfold by 2015 to reach $471.2 million. The technologies covered in this analysis are firewall (FW)/Internet protocol security (IPSec) virtual private network (VPN), secure socket layer (SSL) VPN and intrusion detection system (IDS)/intrusion prevention system (IPS).

If you are interested in a virtual brochure, which provides a brief synopsis of the research and a table of contents, then send an email to Patrick Cairns, Corporate Communications, at patrick.cairns[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, a brochure will be sent to you by email.

"The escalating incidence of complex and malicious security threats is the primary driver for network security solutions in South Africa," says Frost & Sullivan Programme Manager Birgitta Cederstrom. "An increase in broadband penetration and internet connectivity will further bolster demand in the short-term."

As security threats and breaches become more complex, companies need to invest in more efficient and effective solutions. Increased broadband penetration has been shown to precede a boom in security threats in other countries, necessitating additional investment.

The uptake of advanced security solutions in this market, particularly within small and medium-sized enterprises, has been limited by low awareness of the nature and pervasiveness of threats and the need for extensive protection.

"There is currently no regulatory or industry body that educates the South African market on network security best practices," explains Cederstrom. "In an environment where security skills and awareness of the pervasiveness of threats are low, this significantly hampers the uptake of more advanced solutions."

Vendors and systems integrators should lobby for the development of an appropriate industry body that can encourage greater regulation of network security solutions and advise companies on the implementation of adequate solutions.

"Vendors are encouraged to develop their capacity to gather and monitor information on threat activity from installed appliances globally," concludes Cederstrom. "The data gathered can also be utilised to disseminate timely information to end-users on the nature of current threats affecting the South African landscape and how best to mitigate them."

South African Network Security Market is part of the Network Security Growth Partnership Services programme, which also includes research in the following markets: Angolan Mobile Communications Market, Mozambican Mobile Communications Market, SA Broadband Update, and Nigerian Contact Centre Market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

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.

South African Network Security Market / M2D4

 
 
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Burgeoning Security Threats Drive Growth in the South African Network Security Market Says Frost & Sullivan

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