Trends That Are Driving Network Security Market The network security market in India stood at Rs 1,406 crore in FY2012-13, and is expected to be Rs 1,638 crore in FY2013-14. According to RS Market Research Solutions, large enterprises contributed 44.3 percent of last fiscal’s total, the mid-market 8.2 percent, small businesses 15 percent, and the government and education segments 32.5 percent. “While the IT-ITeS segment has to comply with Sarbanes-Oxley, India-specific regulatory mandates are also an increasing concern. The Information Technology Act of India, and RBI, in 2012, introduced several compliance measures. Over the next two years Indian FSIs will need to comply with these mandates,” observes Pinakin Dave, National Manager, Channels & Alliances, McAfee India. According to Manatosh Das, Senior Analyst, Forrester Research, targeted attacks, APTs, Web application protection, Web server protection, cloud security, mobility and encryption are the major trends driving the demand. Targeted attacks and APTs According to CERT-In, an estimated 14,392 websites were hacked in 2012 till October. “2012 saw an increase in targeted attacks, and the trend will continue. Such attacks make it difficult to ensure effective incident response because hackers attack any hardware on the way out,” Dave cautions. Ashok Prabhu, CEO, ValuePoint TechSol, Bengaluru, agrees. “Many of our large enterprise customers have allowed employees to use social media, but they are unable to track the origin and persistence of zero-day attacks. We are deploying context-aware intelligent network security solutions for these customers.”
Posted on: Wed, 21 Aug 2013 07:40:16 +0000
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