IDS/IPS Solutions Lead the Growth of the Latin America Network Security Markets
Posted on: Tuesday, 13 December 2005, 12:00 CST
PALO ALTO, Calif., Dec. 13 /PRNewswire/ -- With the advent of globalization and the growing adoption on network technologies, network security is emerging a truly global concern. Realizing their increasing vulnerability to security threats, Latin American companies are beginning to increase their investment in security solutions such as firewalls, virtual private networks (VPNs) and intrusion detection systems/intrusion prevention systems (IDSs/IPSs).
Hence, while some stabilizing markets such as North America are seeing decreasing growth rates, the Latin American network security markets are continuing to expand, promising vendors with healthy growth opportunities.
New analysis from Frost & Sullivan (http://www.it.frost.com/ ), Latin America Network Security Markets, reveals that revenues in these markets totaled $105.2 million in 2004 and can reach $371.0 million in 2011.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants an overview of the latest analysis of the Latin America Network Security Markets, then send an e-mail to Mireya Castilla, Corporate Communications, at mireya.castilla@frost.com with the following information: your full name, company name, title, telephone number, e-mail address, city, state, and country. We will send you the information via email upon receipt of the above information.
Network security vendors while noticing the emerging opportunities, are investing in improving sales partnerships in the region. Moreover, most of them have established local offices that offer clients support services and with the expectant high growth rates, the influx of new market entrants is increasing competition in the market.
"One of the main drivers that is expanding the markets is the increasing vulnerability of IT systems and the gap between demand and the capabilities of the vendors' security solutions," notes Frost & Sullivan Program Manager Sol Elliot. "Also, as small and medium companies begin to invest in security, bundled solutions offering several technologies in one product are playing a crucial role in the growth of the markets."
During the short term, firewalls and VPNs will continue to lead the network security markets, as they are considered the starting point in security adoption. Firewalls are the most popular security tool and accounted for 38.5 percent of the total security income generated in 2004. Besides the banking and finance vertical markets, the government and telecom markets, and others such as healthcare and higher education, offer a good opportunity to increase firewall penetration.
A strong trend emerging in the Latin American markets is the shift from IDS to IPS solutions. IPS is newer and includes more advanced capabilities and with the stabilization of the Firewall and VPN markets, these solutions will capture a larger share of revenues in the medium to long term. IDS and IPS are likely to lead the markets by the end of 2011 and are together likely to have a 41.2 percent share of the markets by then.
In respect to the regional markets, Brazil holds a predominant share of the Latin American network security markets, followed by Mexico. In 2004, the Brazilian market accounted for close to 47 percent of the total Latin American revenues, but is likely to reach saturation sooner than other countries and thus show smaller growth rates in the medium to long term when compared to the Andean as well as the Caribbean and Central American (CCA) regions.
"In harnessing the growing opportunities, vendors must realize that the Latin American markets are reactive and companies perceive threats after the attacks have already occurred," says Frost & Sullivan Research Analyst Marcelo Kawanami. "While the impact of this challenge expects to reduce in the medium to long term, it is crucial that vendors be more proactive in educating potential customers on existing threats and the costs incurred if they are attacked."
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.frost.com/ .
Latin America Network Security Markets F659 Contact: Mireya Castilla Corporate Communications - North America P: 210.247.3830 F: 210.348.1003 E: mireya.castilla@frost.com Janina Hillgrub Corporate Communications - Europe P: +49 (0) 69 77 0 33 11 F: +49 (0) 69 23 45 66 E: janina.hillgrub@frost.com Sarah Lourdes Corporate Communications - Asia Pacific P: +603 6204 5878 F: +603 6201 7402 E: sarah.lourdes@frost.com Sharmin Jassal Corporate Communications - Australia P: +61 2 8247 8900 F: +61 2 9252 8066 E: sharmin.jassal@frost.com http://www.frost.com/
Keywords in this release: network security, firewall, virtual private network, VPN, intrusion detection system, IDS, intrusion prevention system, IPS, research, information, market, trends, technology, service, forecast, market share
Frost & Sullivan
CONTACT: Mireya Castilla, Corporate Communications - North America,+1-210-247-3830, or fax, +1-210-348-1003, or mireya.castilla@frost.com , orJanina Hillgrub, Corporate Communications - Europe, +49-0-69-77-0-33-11, orfax, +49-0-69-23-45-66, or janina.hillgrub@frost.com , or Sarah Lourdes,Corporate Communications - Asia Pacific, +603-6204-5878, or fax,+603-6201-7402, or sarah.lourdes@frost.com , or Sharmin Jassal, CorporateCommunications - Australia, +61-2-8247-8900, or fax, +61-2-9252-8066, orsharmin.jassal@frost.com , all of Frost & Sullivan
Web site: http://www.frost.com/http://www.it.frost.com/
Source: PRNewswire
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