Network security sales growing

Network security sales growing

SINGAPORE: Network security in the Asia-Pacific region is expected to hit US$1.1 billion this year spurred by India and China, a research agency said on Monday.

Indonesia, Malaysia, the Philippines and Thailand are also forecast to be high-growth countries with end users having increasing awareness of the importance of network security, according to a Frost & Sullivan report.

Market size in the region was US$662.4 million in 2003.

"The Asia-Pacific network security market achieved growth of around 38.9 per cent last year compared to the previous year," Jay Tan, information technology analyst told The Business Times.

Demand for firewall and virtual private networks (VPN) solutions were driven during 2004 by strong adoption from Australia and Japan as well as China and India. -- DPA