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Advanced Threat Landscape will Give Rise to Increased Network Security Spending
Even though 2013 was a challenging year because of the economic slowdown and rupee depreciation, the overall demand for network security from enterprises remained robust. The market is expected to continue the growth momentum in the short to medium terms, as enterprises are likely to deploy security solutions due to the growing need for regulatory compliance and address the security challenges arising from upcoming trends like Web 2.0, mobile security, social media and cloud computing.
-The Indian network security market achieved a steady year-on-year (YOY) growth of %, with a revenue of INR crore in 2013. Although 2013 was a challenging year because of the economic slowdown and rupee depreciation, the overall demand for network security from enterprises remained robust.
-The market is expected to continue the growth momentum over the short to medium terms, as enterprises are likely to deploy security solutions due to the growing need for regulatory compliance and address the security challenges arising from upcoming trends such as web 2.0, mobile security, social media, and cloud computing.
-The use of smart phones, tablet PCs, and other mobile devices is rapidly increasing across organizations in India. The proliferation of consumer-owned smart phones and tablet PCs on the corporate network of organizations has given rise to network security solutions that are designed specifically for bring-your-own-device (BYOD). Networking vendors are aggressively expanding their portfolios to address the consumerization of smartphones and tablets. This trend is likely to continue to grow for another 3-4 years.
-Additionally, enterprises are becoming increasingly dependent on web/ Internet-based technology for their day to day operations. This trend is also significantly driving the demand for network security products and solutions.
-The strengthening of partnerships between network security vendors and managed security service providers (MSSPs) is another market trend in India. Security vendors partner with MSSPs and offer security solutions to organizations in the region through the model of outsourcing. This consolidation of partnership between MSSPs and original equipment manufacturers (OEMs) in India is likely to drive the network security market.
This market insight provides the emerging trends in the Network Security market in India for CY 2013.
It analyses the market trends, technology trends, revenue analysis, and competitive scenario.
The Network Security market is segmented into Firewall/IPSec VPN, SSL VPN, and Intrusion Detection and Prevention Systems (IDS/IDP/IPS).
Geographic scope: India
Years considered for forecasts: CY 2014–2020
Primary research with OEMs
Frost & Sullivan published research services
Company Web sites and other secondary sources
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