Enterprise security spend set to double

Tuesday, 24 February 2004, 1:27 AM EST

An increasing tide of global hack attacks, cyberterrorism and viruses will see worldwide enterprise investment in firewall and virtual private network (VPN) systems almost double to $6bn (£3bn) over the next three years.

According to market watcher Datamonitor, home working and the push for anywhere-anytime access for workers are also key spending drivers, especially for secure sockets layer (SSL) VPNs.

In terms of vertical sales, Datamonitor said it expects investment in security systems by the government, utilities and pharmaceutical sectors to show the most rapid rise.

By Robert Jaques at NewsFactor.

[ Read more ]

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