Robust Growth Forecast for Information Security Products & Services Market - Revenues to Exceed $79 Billion by 2010, According to New Report by Global

San Jose, Calif. (PRWEB) July 16, 2007 -- A new report on information security products & services has been released by Global Industry Analysts, Inc. "Information Security Products & Services: A Global Strategic Business Report" offers detailed analysis and coverage of the US, Canadian, Japanese, European, Asia-Pacific, Latin America and Rest of World markets. The report details major trends, issues, regulatory environment, and competitive scenario.

Owing to the large-scale development and deployment of advanced security products and services, the worldwide information security market has fast evolved into a high revenue generating industry. ://Information security services (www.strategyr.com/MCP-1410.asp) represents the largest and the fastest growing segment of the global ://information security products and services market (www.strategyr.com/MCP-1410.asp). The market is estimated to reach US$29 billion by the end of 2007. ://Information security software (www.strategyr.com/MCP-1410.asp), the second largest segment, is projected to generate US$21 billion by 2010.

Although :information security hardware products (http://www.strategyr.com/MCP-1410.asp) accounts for a minor portion of the total market, the segment is forecast to post an impressive CAGR of 19%. In terms of sub-segments, implementation services market is the largest while response services market is the fastest in the information security services market. In the threat management security appliances (within the Information Security Hardware group), secure content management, intrusion detection/prevention, and unified threat management are expected to grow at stupendous rates of 40%-60%. Secure content management represents the largest in the information security software product group, projected to reach US$8.6 billion by 2010. Within the secure content management segment, messaging security represents the fastest segment, at a robust CAGR of 37%.

Information security market has entered into a transition phase with several cutting edge technologies emerging at a break neck pace. Companies face huge challenge in the form of increased security threats and the ever-changing risk environment in which they operate. Increased installation of complex network systems, stringent government regulations, and enhanced risks, have forced companies to re-examine their security framework. This fluctuating nature of security threats forced companies to reconsider existing technologies and employ such innovative products that effectively shield their information assets from both the internal and external threats.

Companies worldwide have become more proactive in assessment of security threats and initiation of appropriate preventive measures. High security threats worldwide have spurred the need to safeguard mission critical information systems. Additionally, the enhanced use of intranets and extranets for business communication among organizations demand full-proof network protection. This has scaled up the demand for cutting edge security solutions worldwide. The market is distinguished by a high degree of security spending, with most organizations prepared to install innovative security systems for optimum risk management.

Global information security market consists of a number of players that compete with each other in one or more segments. The market is characterized by extreme competition, with players offering wide portfolio of products. This is exerting price pressures on the companies and forcing them to offer value-added products and services. To compete in such a market, players need to formulate and implement long term R&D and marketing plans.

Consolidation has become the buzzword of the global information security market. The market is characterized by a high degree of consolidation in the form of acquisitions and mergers. The consolidation trend continued all through 2005 in number of segments with a host of key players targeting small companies for strong foothold. Key players in the market, especially from the telecommunications sector, are repositioning themselves as complete information security providers by expanding the customer base and sales network, thereby grabbing significant shares in the market for security solutions as well as for services.

The trend of consolidation would result in an overall drop in the number of players operating in the market in each and every segment. Besides, the trend would significantly lessen the scope for selecting best-in-class solutions.

Leading players in the worldwide information security products & services market include ActivCard, Aladdin Knowledge Systems Ltd., Check Point Software Technologies Ltd, CipherTrust Inc, Cisco Systems Inc., Clearswift Ltd, Computer Associates International Inc., Crossbeam Systems, Inc., Cybertrust, F-Secure Corporation, Fortinet Inc., Internet Security Systems, Juniper Networks, McAfee Inc, Novell Inc, Proofpoint Inc., RSA Security Inc., SafeNet Inc, Secure Computing Corporation,    SonicWALL, Inc., Sophos Plc, SurfControl Plc, Symantec Corporation, Trend Micro, Tumbleweed Communications, VeriSign Inc., WatchGuard Technologies, Inc., and WebSense.

For more details about this research report, please visit http://www.strategyr.com/MCP-1410.asp

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) (http://www.strategyr.com) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.

Telephone 408-528-9966

Fax 408-528-9977

Web Site www.StrategyR.com

###