Analysts Report Virtual Security Blooming
Analysts, Infonetics have today released a report which predicts strong growth in the virtualised security market.
The study shows that sales in the virtual security arena will predict eightfold by 2014.
Last year this market accounted for $203.8m worth of spending which was up 64 per cent on the previous year.
However, according to Infonetics' biannual Virtual Security Appliances report, the first quarter of 2010 saw the market valuation jump up 119 per cent and by 2014 the firm predicts that the market will be worth almost $1.6bn.
Jeff Wilson, principal analyst for security at Infonetics Research said, "The nascent virtual security appliance market is primed for tremendous growth over the next five years. The drivers for this market are strong, and include the increasing volume and variety of security threats, the rapid adoption of server virtualization, new security challenges presented by virtualization, such as inter-virtual machine threats, and the availability of purpose-built solutions for securing virtualized server environments."
North America currently has the largest market for virtualised security devices with the current most popular products being content security gateway virtual appliances.
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