Making a Steady Impact
Security.threats.are.evolving.parallely.with.the. onset.of.newer.and.advanced.technologies—a. heads-up.for.the.security.market..
As the world of communication evolves, the most precious thing is information. A day might come when countries may have cyber wars. As compared to a decade ago, there is a rising concern and awareness about security and this is keeping the security wheel running smoothly. Industry stalwarts’ say the market witnessed considerable growth even when the economy was weak.
This year, although there was depreciation of Indian currency (which is phenomenally low as compared to any other place in the world), yet many companies did not lose deals. Nevertheless, the deal sizes shrunk for many security players.
Both consumers and enterprises have increased the purchase of multiple secu- rity tools such as antivirus, antispyware, firewall, intrusion detection, etc. For the endpoint security software market, the consumer market is also as big as the corporate market. The corporate market is expanding its features including browser security, encryption, and centralized management.
The network security market is one of the most dynamic areas in the technology sector. Some of the common trends are:
UTM is a key trend with service providers and enterprise of all sizes are realizing the benefits consolidation brings over point solution in terms of cost and effectiveness against the blended threatscape. Nmerging preference to offer cloud based public and private applications is also driving the demand for UTM products.
Adoption of virtualization by large enterprises. Virtualization, with its roots in the carrier space, is fast gaining recognition by leading enterprise networks in the world as a perfect convergence solution with consolidation to achieve hyper-cost benefits while improving efficiency in the data center.
MoT has mandated Indian telcos to be responsible for security of their own networks. They should also have an organizational policy on security and security management of their networks.
The RBI mandate is also forcing banks to follow the guidelines laid down by it on information security. Following these guidelines, banks have been drafting and implementing their IT security policies, and thus have been investing in network security solutions to curb their vulnerabilities against cyber crime and fraud. Such government regulations have also prompted