New research shows the
managed security market increased by 21 per cent through 2007 and predicts further growth in the future.
The study by research analyst Infonetics suggests the market for managed security products could double by 2011 to be worth $13.8 billion (£6.9 billion).
It was discovered half the revenues for the products were the result of
managed firewall spending. Content security was found to be the fastest growing sector, with revenues expected to almost triple by 2011.
Jeff Wilson, principal analyst for network security at Infonetics, commented: "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."
The report found small firms currently make up 22 per cent of spending on managed security products, while larger firms accounted for 44 per cent.
However, this gap is predicted to close as small enterprises become more aware of IT security issues.
Last month, research by Bell Micro found 63 per cent of British companies receives emails from unwanted sources and suggested UK firms should do more to improve their IT security procedures.
