Managed security shoots up by 21%

By Sean Robson on Tuesday, July 08, 2008 The worldwide managed security market grew by 21% in 2007, and predictions by research analysts Infonetics are that it will double by 2011 to reach $13.8 billion. "The emergence of non-traditional providers like Google and enterprise acceptance of software-as-a-service has boosted the opportunity for content security services, particularly in-the-cloud services, and these services are really driving the strong growth we forecast through 2011," explained Jeff Wilson, principal analyst for network security at Infonetics. According to the report, half of the revenues achieved were from managed firewall while the segment displaying the fastest growth was content security. Infonetics further expects that the latter's revenue will nearly triple by 2011. Small businesses currently only... [read full story]