Security Test Equipment Market Gets A Leg Up With the Higher Uptake of Novel IT Solutions, Finds Frost & Sullivan

MOUNTAIN VIEW, Calif., May 12 /PRNewswire/ -- Improving adoption rates of technologies and services such as secure virtual private network (VPN), secure video, and other new technologies is expected to be mirrored in the security test equipment market. The increasing popularity of Web 2.0 services, cloud computing, instant messaging and mobile Worldwide Interoperability for Microwave Access, Inc. (WiMAX) has also made a strong case for security test equipment among device vendors and enterprise markets.

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New analysis from Frost & Sullivan (http://www.testandmeasurement.frost.com), World Security Test Equipment Market, finds that the market earned revenues of $167 million in 2008, and estimates this to reach $654.6 million in 2013.

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"With the integration of voice, video, and data, the demand for security test equipment has increased greatly in 2008," says Frost & Sullivan Research Analyst Srihari Padmanabhan. "This also encourages the network operators to invest more in buying the latest security test equipment so they can increase the value of their service offerings."

The improved awareness about and need for security testing, investment, and low operational costs are prompting companies to invest in future upgrades and novel test equipment to stay protected against fresh attacks.

One of the main challenges in the security test equipment market is to cope with the ever-changing attacking techniques and new malwares and spywares. Vendors have to provide cutting-edge products to detect these attacks on networks. Another significant competitive factor is price. With the evolution of technologies, test equipment vendors are under great pressure from customers to reduce prices.

"To counter these technology and price issues, companies need to look for strategic acquisitions and partnerships with new companies to stay ahead of the competition," notes Padmanabhan. "Manufacturers also have to increase their time to market so that they can release products early in the technology lifecycle."

World Security Test Equipment Market is part of the Test & Measurement Growth Partnership Services program, which also includes research in the following markets: World Communications Test & Measurement Equipment for Manufacturers Markets, World SONET and OTN Test Equipment Markets, World BERT Markets, and World Fiber Optic Test Equipment Markets. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

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SOURCE Frost & Sullivan