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Flexera Joins ESET's Technology Alliance, Unveils Path Management Solution

October 17, 2016

Flexera Software today announced it has joined ESET’s (News - Alert) Technology Alliance and has released Corporate Software Inspector, a patch management solution for enterprise users.

ESET’s Technology Alliance is a digital protection and IT security group made up of customers, resellers, and other solutions providers. As for Flexera Software, it provides compliance, installation, security, and software licensing solutions.

Speaking of security, both International Data Corp. and IHS Markit this fall have come out with new security-related reports.

The Worldwide Semiannual Security Spending Guide, which IDC (News - Alert) published just last week, forecasts worldwide revenues for security-related hardware, software, and services will grow from $73.7 billion in 2016 to $101.6 billion in 2020. That represents compound annual growth of 8.3 percent, which IDC notes is more than twice the rate of overall IT spending growth, over the five-year forecast period. Banking ($8.6 billion), discrete manufacturing, federal/central government, and process manufacturing are the verticals expected to have the largest security spends this year, according to IDC.

"Today's security climate is such that enterprises fear becoming victims of the next major cyberattack or cyber extortion," said Sean Pike, program vice president for security products. "As a result, security has become heavily scrutinized by boards of directors demanding that security budgets are used wisely and solutions operate at peak efficiency."

Meanwhile, IHS (News - Alert) Markit suggests that the network security market will be valued at $10.8 billion in 2020. Cloud enablement and virtualization are driving forces on this front, according to the research and consulting firm, while interest in advanced persistent threat protection and sandboxing is peaking. The firm also notes that Fortinet and Palo Alto (News - Alert) Networks continue to post solid year-over-year growth.

“Faced with a rapidly changing threat landscape, security customers are still formulating long-term protection strategies, and the dizzying array of options is forcing them to rethink spending, evaluate new vendors and re-architect their protection infrastructures as they try to choose the right solutions,” IHS Markit notes. “As well, the emergence of software-defined networking and network functions virtualization as dominant networking trends is pushing enterprise and service provider customers to look at virtual appliances and other software solutions that work in these environments.”

Edited by Maurice Nagle
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