Welcome!

Cloud Security Authors: Xenia von Wedel, Elizabeth White, James Carlini, Pat Romanski, Rostyslav Demush

Related Topics: Government Cloud

News Feed Item

Sri Lanka Network Security Market, yet Untapped - `Telecom', the Largest Spender in Adoption of Network Security Technologies, BFSI and Government Follow, Reveals Frost & Sullivan Study

- Launched at Frost & Sullivan's South Asia Enterprise Security Summit 2009

COLOMBO, Sri Lanka, May 19 /PRNewswire/ -- Frost & Sullivan, at its recently hosted summit - "South Asia Enterprise Security Summit 2009", unveiled the report titled "Overview and Way Forward on Sri Lanka Network Security Market". The report states that the telecom sector is leading the market when it comes to adopting network security technologies in Sri Lanka with most of the telecom players catering to the domestic market. BFSI stood as the second largest spender.

BFSI companies in Sri Lanka are attuned to the concept of having an active role in monitoring and upgrading their security strategies. However, due to the economic slowdown, the performance of BFSI in Sri Lanka was not as impressive in 2008 as expected. The spending by the Government in Sri Lanka remained pretty strong and focused in 2008 and attained the third position. This also goes to show the commitment of the Sri Lankan Government in addressing all relevant IT matters, as well as its salient role in driving network security business and trends. This vertical is expected to show the highest growth amongst all verticals in the forecast period 2007 - 2015.

However, as there are no strict guidelines or rules by the Government or any other body in Sri Lanka that needs to be followed by different companies, verticals like manufacturing and retail, which traditionally are not very proactive in IT security issues, are still not very IT-complaint in Sri Lanka.

The report also reveals that 2009 is expected to see many global network security players entering the Sri Lankan market, which would make this market highly competitive in terms of pricing. Moreover, the companies that could provide a complete suite of UTM capabilities and integrate all vital technologies into one appliance and make it easy and reliable for the customer can be expected to be able to fulfill the market need of security combined with affordability.

Besides the study, Frost & Sullivan also conducted a CIO Survey in Sri Lanka. It revealed that major threats for IT security were highlighted by 85 percent of the respondents who believed that Virus, Worms, and Trojan Horses are the major disquiet in today's IT environment. 55 percent respondents felt that data security was one of the major concerns for them and that they would take appropriate measures against them. Downtime and physical security were also some of the other security concerns for CIOs.

It was also noted that adoption of IT regulations and guidelines amongst most organizations remained quite dismal, with only 36 percent companies following some IT guidelines laid down by various bodies, purely based on their business needs.

Commenting on the overall enterprise security scenario for enterprises, Girish Trivedi, Deputy Director, ICT Practice, Frost & Sullivan, South Asia and Middle East, stated "The Internet is becoming an enabler. However, threats in the networked world are getting bigger and becoming more malicious and moving from external to internal. Enterprises need to evaluate and preempt these threats as the gap between attacks / attempt made, to detection is abysmally low. As most attacks go undetected or unreported, enterprises maintain the misconception that they are safe, and the consequences (resulting from a security breach) can be anything from losing reputation, customers, and competitive advantage, to legal issues, leading to considerable financial loss."

Mr. Arun Shetty, Senior Manager - Systems Engineering, Cisco Systems - India and SAARC further added that, "The world is changing and flexible new technologies delivering revolutionary forms of collaboration and communication are transforming the way businesses interact, both internally and externally. Mobile devices and virtual platforms have torn down the already wavering notion of a "network perimeter"; this has led to newer threats and risks, and as these have evolved, so have our responses to them. Cisco with the approach of Comprehensive Threat Intelligence, End-to-End security solution and Business-enabling Services provide a rich, highly secure Collaborative experience using Network as the Platform."

The Summit, through presentations and discussions, covered some of the key areas like the Evolving Role of the Chief Information Security Officer, Collaborating with Confidence, Best Practices in Security Implementation, Establishing Trustworthy Computing in an Enterprise, and Managing Security on a Limited Budget.

The keynote was addressed by Mr.Aditya Sapru, Senior Vice President (Strategic Alliances), Frost & Sullivan, Asia Pacific. Other eminent speakers included Mr. Arun Shetty, Senior Manager - Systems Engineering, Cisco Systems - India and SAARC, Mr. Samath Fernando, CIO, Hirdaramani Group of Companies, Mr. Ramesh Shanmuganathan, Executive Vice President / Group Chief Information Officer, John Keells Holdings Limited, Mr. Ramanan Devairakam, GM Enterprise, Dialog Broadband, and Mr. Pravin Srinivasan, Regional Manager, Advanced Technologies, Cisco Systems, India (South and East).

The Summit was supported by Cisco as the Platinum Sponsor and Dialog Broadband as the Silver Sponsor. The National Media Partners were Lanka Business Online and Lanka Business Report (part of ETV). International media partners were BenefIT, CIOl.com, and Express Computers.

About Frost & Sullivan - "We Accelerate Growth"

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation, and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses, and the investment community from more than 35 offices in six continents. To join our Growth Partnership, please visit http://www.frost.com

    
    For more information on Frost & Sullivan Report OR Survey,
    contact:

    Caroline Lewis
    Corporate Communications - South Asia
    P: +91-22-4001-3438
    F: +91-22-2832-4713
    E: [email protected]

    Nimisha Iyer
    Corporate Communications - South Asia and Middle East
    P: +91-22-4001-3404
    F: +91-22-2832-4713
    E: [email protected]

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
BnkToTheFuture.com is the largest online investment platform for investing in FinTech, Bitcoin and Blockchain companies. We believe the future of finance looks very different from the past and we aim to invest and provide trading opportunities for qualifying investors that want to build a portfolio in the sector in compliance with international financial regulations.
Imagine if you will, a retail floor so densely packed with sensors that they can pick up the movements of insects scurrying across a store aisle. Or a component of a piece of factory equipment so well-instrumented that its digital twin provides resolution down to the micrometer.
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
When shopping for a new data processing platform for IoT solutions, many development teams want to be able to test-drive options before making a choice. Yet when evaluating an IoT solution, it’s simply not feasible to do so at scale with physical devices. Building a sensor simulator is the next best choice; however, generating a realistic simulation at very high TPS with ease of configurability is a formidable challenge. When dealing with multiple application or transport protocols, you would be...
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, discussed some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he covered some of the best practices for structured team migration an...
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and B...
No hype cycles or predictions of a gazillion things here. IoT is here. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, an Associate Partner of Analytics, IoT & Cybersecurity at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He also discussed the evaluation of communication standards and IoT messaging protocols, data...
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...
Product connectivity goes hand and hand these days with increased use of personal data. New IoT devices are becoming more personalized than ever before. In his session at 22nd Cloud Expo | DXWorld Expo, Nicolas Fierro, CEO of MIMIR Blockchain Solutions, will discuss how in order to protect your data and privacy, IoT applications need to embrace Blockchain technology for a new level of product security never before seen - or needed.
Leading companies, from the Global Fortune 500 to the smallest companies, are adopting hybrid cloud as the path to business advantage. Hybrid cloud depends on cloud services and on-premises infrastructure working in unison. Successful implementations require new levels of data mobility, enabled by an automated and seamless flow across on-premises and cloud resources. In his general session at 21st Cloud Expo, Greg Tevis, an IBM Storage Software Technical Strategist and Customer Solution Architec...
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
We are given a desktop platform with Java 8 or Java 9 installed and seek to find a way to deploy high-performance Java applications that use Java 3D and/or Jogl without having to run an installer. We are subject to the constraint that the applications be signed and deployed so that they can be run in a trusted environment (i.e., outside of the sandbox). Further, we seek to do this in a way that does not depend on bundling a JRE with our applications, as this makes downloads and installations rat...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
DX World EXPO, LLC, a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lead...
Digital Transformation (DX) is not a "one-size-fits all" strategy. Each organization needs to develop its own unique, long-term DX plan. It must do so by realizing that we now live in a data-driven age, and that technologies such as Cloud Computing, Big Data, the IoT, Cognitive Computing, and Blockchain are only tools. In her general session at 21st Cloud Expo, Rebecca Wanta explained how the strategy must focus on DX and include a commitment from top management to create great IT jobs, monitor ...
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
The IoT Will Grow: In what might be the most obvious prediction of the decade, the IoT will continue to expand next year, with more and more devices coming online every single day. What isn’t so obvious about this prediction: where that growth will occur. The retail, healthcare, and industrial/supply chain industries will likely see the greatest growth. Forrester Research has predicted the IoT will become “the backbone” of customer value as it continues to grow. It is no surprise that retail is ...