Korea Information Security Industry Association (KISIA) conducted the 'Statistics of Domestic Information Security Industry and Market Research' of 100 information security companies with their sales of information security products standing at higher than 20% from October to December 2002.

According to the research, the domestic market for last year grew by 19.2% to 396.4 billion won from the previous year, and it is projected to increase by 30% to 516.5 billion won this year.

By information security product groups, system & network solution market and information security service market including consulting are expected to rise by 24.3% and a staggering 58.7% to 371.4 billion and 56.5 billion won respectively.

By items, anti-break-in system (firewall) is highly likely to lead the pack with its market hovering at 67.2 billion won followed by intrusion detection system (IDS) with 64.3 billion won, PKI & encoding with 54.9 billion won, anti-virus with 48.8 billion won and virtual private network with 38.4 billion won.

Even though PKI and encoding and anti-virus markets were recorded at the 42.4 billion won-level respectively last year, PKI and encoding market is likely to excel anti-virus market this year. This can be explained by a skyrocketing demand for PKI & encoding solutions buoyed by the spread of various certification systems.

Biometrics market, which accounted for 16% out of the whole information security market last year, is also expected to see robust growth of 42.8% this year.

In the meantime, information security market is likely to grow to 165.6 billion won in 2007 by posting an average growth of around 36% a year by 2007, and biometrics market is also poised to witness an average rise of 23.1% a year to reach 175.5 billion won in 2007.

On the other hand, system and network products, such as firewall, IDS and VPN, are projected to set back from last year's 75% down to 64% in 2007 in terms of their market composition ratio by posting a low growth of 8.5% a year.