Research: XML and Web services security market to grow to $4.4 billion by 2006

Article

Research: XML and Web services security market to grow to $4.4 billion by 2006

ZapThink LLC

Market Analysis
Research: XML and Web services security market to grow to $4.4 billion by 2006

Security is the immediate roadblock facing widespread implementation of Web services technologies across the enterprise. As a result, many software vendors are throwing their hat into the XML and Web services security ring, offering a broad and confusing number of solutions to a variety of real and perceived problems.

However, much of this effort amounts to jostling for defensible market positioning ahead of a solid demand for enterprise-class XML and Web security products and services. As a result, ZapThink believes that the emerging market for XML and Web services security solutions will be characterized by a period of turbulence, as companies struggle to clarify their messages and shake the kinks out of their product offerings.

Key Findings:

  • The next roadblock on the path to Web services adoption is security. Security is today's key enabler for Web services.

  • The XML and Web services security market will reach $4.4 billion in 2006, which will represent 65% of the total authentication, authorization, and administration security market. This growth represents an average compound annual growth rate of 300%.

  • Web services offer great potential for B2B communication and integration, but the lack of robust security and manageability solutions currently inhibit the ability

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  • for companies to conduct business with each other via Web services over the Internet.

  • The combination of adequate funding, solid business models, seasoned management teams, and high quality engineering staff leads some startups to offer surprisingly robust XML and Web services security solutions.

  • The best positioned companies to be profitable in the XML and Web services security space are those companies that already have deep technical knowledge of application level security technologies, coupled with a solid customer base.

  • There will be a spike in demand for Web services security solutions within the next 12 months.

  • Enterprises must institute policies that apply to their entire enterprise network (including participants invited from outside), and administer that security in a hierarchical fashion.

  • Next-generation firewalls must be capable of looking at the content of XML streams, and the security mechanisms for such data must be part of that content.

  • Companies planning on using Web services across the firewall will necessarily have to resolve the resulting security issues first.

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