The security appliance market in the Asia Pacific is expected to grow to US$2.8 billion by 2015, according to IDC's Asia/Pacific Quarterly Security Appliance Tracker.
IDC's report indicates that this market grew to US$318.2 million in factory revenues in the fourth quarter of 2010, which represents a growth of six per cent from the same quarter in 2009.
The security appliance market reached US$1.1 billion in factory revenues in 2010 and IDC attributes this growth to firewall/VPN, unified threat management (UTM), and intrusion prevention system (IPS) appliances.
Cisco ruled the overall security appliance market in 2010 closely followed by Juniper in the second position. Third, fourth and fifth places were grabbed by Check Point, Fortinet and TopSec respectively.
IDC says that India, China and the Association of Southeast Asian Nations (ASEAN) will strongly contribute towards the forecasted US$2.8 billion growth in the coming years.
Optimisation of security
Security has become mission critical, according to the IDC report that also notes the efforts of chief information officers (CIOs) to optimise it in their respective industries.
"The year 2010 started off with overall enhanced security awareness, after a number of highly publicised security breaches made the news headlines. This increased awareness of security threats drove firms to spend more on security appliances helped make 2010 a good year. Recent security breaches have fuelled significant growth in the number of security offerings and standards in the marketplace. Organisations have to protect sensitive information and, in many cases, need to fulfill specific regulations to ensure the proper safeguarding of information," said Naveen Hegde, senior market analyst of Asia/Pacific Software Research at IDC.
"This is why many CIOs do not consider security as an overhead function but as a revenue driver. In short, they need to spend on security products for sustainability of the business."
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