Security market booms due to internet threats

12th September 2008

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The market for network security in North America has fought back from its first recorded drop in revenue for four years, a communications and technology market firm has revealed.

Infonetics Research detected through the analysis of market conditions that there was an increased need for IT security by small and medium-sized businesses in this quarter, adding to the trend of the last four years, apart from the first drop in revenue during quarter one.

Principal analyst for network security at Infonetics Jeff Wilson said: "Though the economy is still depressed overall, staggering increases in attack volume have forced companies to continue making new investments in security."

He added that network security was very much still in demand as many companies felt more pressurised by current trends in internet threats and were looking to implement systems including disaster recovery and protection against malware and spam.

It was revealed recently by DMG Consulting that that call centres lacked the correct disaster recovery plans, with 63.3 per cent of companies not believing in the abilities of their plans in the event of a system failure.

A recent survey for Connect found that one in ten companies has lost important data as a result of a backup failure. The company has now developed a unique online backup service - http://www.connect.co.uk/services/online_backup – for SMEs to ensure they can survive any disaster