Infonetics Reports on VPN Services

Cost savings and virus threats drive strong growth in VPN and security services, reports Infonetics

August 3, 2005

1 Min Read

SAN JOSE, Calif. -- The VPN services market continues to grow strongly, driven by the productivity improvements and cost savings VPNs offer, combined with the complexity of deploying VPNs organization-wide, says Infonetics Research in its latest market size and forecast report, VPN and Security Services.

The security services market is also strong and growing fast, fueled by increasing global demand due to the proliferation of viruses, malware, spyware, and hacking, the complexity of current security solutions, and the desire of many service providers to add revenue and improve margins.

These drivers will push worldwide VPN service revenue to $29.8 billion in 2009, and worldwide security service revenue to $8.1 billion in 2009.

"Hacking has moved from an ego-driven hobby to a huge business," said Jeff Wilson, principal analyst at Infonetics Research. "The goal of many hacks these days is to generate revenue or steal valuable information; they have become more organized, better funded, better equipped, and more dangerous. This drives organizations of all types to find ways to protect themselves against lost productivity, revenue, and assets due to hacking, and for many, that means turning to a service provider for help."

Infonetics Research Inc.

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