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Article: Infonetics Research Forecasts 1,200% Increase in VPN Expenditures From 1999 Through 2003.
- Article from:
- Business Wire
- Article date:
- June 25, 1999
CopyrightCOPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN JOSE, Calif.--(BUSINESS WIRE)--June 24, 1999--
Infonetics Research, Inc. just completed a new strategic market study on virtual private networks (VPNs) titled User Plans for VPN Products and Services 1999.
In this study the company forecasts that the total worldwide expenditures for service providers, VAR/integrators, and VPN product manufacturers will jump from $2.4 billion this year to just over $32 billion by 2003.
"We're now seeing the early signs of explosive growth in the VPN hardware market, and we're also noting a shift in interest from unmanaged to managed VPN services. The question for end-users at companies of all sizes is no ...