HP beefs up enterprise security offerings

Expects India to become one of the fastest markets for security products

Global IT company Hewlett-Packard (HP) today said it expects India to become one of the fastest growing markets for its enterprise security products as more public sector companies and telecom firms in the country are becoming aware about the security threats to their sensitive data.

According to data by HP, the Indian Security Information and Event Management (SIEM) market stood at about USD 12 million and is expected to grow at about 21 per cent in 2012.

“It is an upcoming market segment. We see many conversations around security than we saw even last year. There is an awareness coming up in India especially after incidents like the power grid failure, data thefts. Though in India it (the market for enterprise security products) is not as big as we like it to be but it will become one of the fastest growing market place for us to be in next few years,” HP India Vice president and country manager Neelam Dhawan said.

Continuous attacks on network infrastructure coupled with their increasing complexity are causing end-users to adopt newer network security solutions, she added.

At present, the US and Europe is the biggest market for such security solutions for HP.

According to a study commissioned by HP  and conducted by Coleman Parkes Research, organisations in India are becoming more proactive in their approach to security with more focus on strategy, governance and security intelligence with 93 per cent of respondents indicating that they are exploring Security Information and Event Management (SIEM) measures.

Betting big on the enterprise security market in India, Dhawan added, “The early adopters of enterprise securities would be government, banks, BFSI. Telecom sector would also be big market for HP.”

Expanding its portfolio of enterprise security products, Hewlett-Packard has announced  a number of new additions to its current offerings to help enterprises safeguard their data centres, cloud environments, and mobile business.

The new offerings  include security solutions for public sectors, data centre defences that can permit enterprises to evaluate their security practices  and improve them against attacks, as well as a new printing services that allows companies to better protect documents when they are being printed.

 “Cyber security threats are growing exponentially, and without a proactive information risk management strategy, enterprise growth, innovation and efficiencies are hindered,” she added.