Network security is a huge concern for every CIO. Increasingly, the business side is requiring CIOs to come up with Web-based solutions, and malicious hackers, knowing that, are trying to tunnel into corporate networks to steal as much sensitive data as possible. At the same time, third-party security vendors, like Cisco and Juniper, are trying to keep companies secure and ward off the persistent attacks.
A recent study from research firm Infoneticsexamined the state of network security to see how companies were spending their money and determine which vendors were doing the best job of appealing to CIOs’ needs at the end of 2012. Not surprisingly, some of the biggest vendors, including McAfee and Cisco, led the pack, but other smaller firms are starting to make some inroads.
“In the network security appliances and software market, vendors are actively jockeying to take advantage of competitor slip-ups," notes Jeff Wilson, principal analyst for security at Infonetics Research. Despite the cutthroat nature of the network security industry, it appears—at least for now—there is enough cash to go around for every vendor.
Annual Spending Grows In 2012, worldwide network security appliance and software revenue jumped 10% to $6.3 billion.
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