Week in research: Financial services a $1 trillion payday for telcos; BYOD challenges enterprises
Financial services a $1 trillion market: Globe-spanning telecommunications services to the financial industry, such as low-latency networking, will continue to have a dramatic effect on the bottom lines of carriers, manufacturers and vendors, an Insight Research report says. Spending by financial services providers will increase at a CAGR of 9.9 percent through 2017, jumping from $135 billion spent in 2012 to $217 billion in 2017 alone. "It is difficult to overestimate the impact that the financial services sector has had on the telecom industry, since this is the sector that has always been ready to spend to get the best," said Robert Rosenberg, president of Insight Research. "This sector consumes practically everything that telecom companies can offer, including: hardware, applications, connectivity, managed services, hosting services, disaster recovery, security management, backup and storage management, storage area networks--not to mention their huge appetite for wireless and wireline connectivity." News release
Source: Insight Research, "Telecom and the Financial Services Industry: Optical Networking, Wireless Networking, and the Role of Redundancy and Recovery in Financial Transactions, 2013-2017," Jan. 2013.
Brazil poised for broadband growth: Higher-speed broadband is taking hold in Brazil, where, a new report conducted by IDC for Cisco says, total fixed-line penetration stands at 8.9 percent, or 31 percent of households, per 100 inhabitants. "Broadband 2.0" connections, defined by Cisco as fixed-line connections of 2.0 Mbps or higher, grew 11.5 percent in the first half of 2012. "Brazil should be targeting an increase in broadband speeds and quality, and everyone should be shouldering this responsibility: the government, operators and technology companies," said Anderson A. André, director of Service Provider, Cisco Brazil. News release
BYOD a big old headache: A new survey of 103 enterprises by Infonetics found that 72 percent of respondents saw management and security of employee-owned "rogue" mobile devices as a key driver in enabling mobile device security solutions. Three-quarters of those respondents are looking to cloud-based or hybrid security in order to manage costs. "We believe that SSL VPNs (secure socket layer, virtual private networks) will become a cornerstone of many enterprise mobile device security strategies moving forward because they solve an immediate connection security requirement, are familiar and easy to use, often free, and will likely support additional security and control functions," said Jeff Wilson, principal analyst for security at Infonetics. News release