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July 28, 1999

VPN, PKI & Security Management Lead Security Market Growth

By CBR Staff Writer

Virtual private networks (VPNs), public/private key infrastructures and security management products will be the hottest sectors in the security market for the next four years, according to a report from industry analyst Datamonitor Plc. Network Security, 1998-2003 argues that these three are relatively immature markets offering vendors time to develop products and still expect growth rates of over 50%.

Datamonitor contrasts VPNs, PKI and security management with more established technologies in encryption, firewall, anti-virus and authentication software, which are forecast to grow more sedately, around the 20% mark.

The need for security, the report argues, is fueled both by the expanding use of the internet and the perception that using it requires protection, in part prompted by media coverage devoted to hacking and viruses. Datamonitor predicts that the whole market, worth $2.3bn last year, will rise to $8bn in 2003, with compound growth of 28%.

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