UPI reports on the OEM’s entry into the sector, noting that the move “could well prove essential” to improving the company’s “bottom line”.
The article notes that the USA and Europe are the largest markets for the OEM’s security packages at this time, but that India “could provide a nice boost” for the OEM, which saw its share prices fall to very low figures in the past few weeks.
HP has received data in surveying the Indian computer security sector that suggests its worth is around $12 million (€9.2 million), with an expected growth of 21 percent before the end of 2012. Products produced by the OEM for the sector include Assured Identity, Comprehensive Applications Threat Analysis and Security Operations Centre.
HP Enterprise Security Products’ Chief Solutions Architect for South Asia, Damanjit S. Uberoi, stated: “Cybersecurity threats are growing exponentially, and without a proactive information risk management strategy, enterprise growth, innovation and efficiencies are hindered.”
HP India’s Vice President and Country Manager, Neelam Dhawan, also noted: “It is an upcoming market segment. We see many [more] 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.”
Dhawan added that Indian government projects tie into HP’s interest in the sector, including the Unique Identification Authority and National Rural Employment Guarantee Scheme.
She continued: “We are taking [a] proactive and intelligence-based security approach and take care of every aspect that includes software, network and devices. The early adopters of enterprise securities would be government, banks, BFSI. Telecom sector would also be [a] big market for HP.
“Cybersecurity threats are growing exponentially, and without a proactive information risk management strategy, enterprise growth, innovation and efficiencies are hindered. Cloud, mobility and big data initiatives are helping firms solve challenges, while driving innovation and bringing in agility and improved financial management. However, these initiatives also can introduce big security concerns.”