For an IT channel that is already on the rise, security is one of the hottest areas for investment, NPD Director, Industry Analysis, Commercial Technology Michael Diamond said.
“Security is one of the fastest-growing markets in the IT channel,” Diamond said at XChange Solution Provider 2017, hosted by CRN parent The Channel Company in National Harbor, Md. “The market is growing, and it will continue to grow.”
Diamond cited NPD research numbers to illustrate the booming market, including a security appliance market that has exploded from $77 million in 2013 to more than $1 billion in 2016, at a 10.4 percent CAGR. That growth excludes software appliance growth, which has also seen a rapid acceleration, he said. Ancillary markets, such as physical security, have also grown, he said, with 1 percent CAGR.
