September 22, 2009 - Although the worldwide security software market is affected by the economic downturn, the growth will continue to be strong in 2009 as drastic security cuts cannot be afforded.
According to the Gartner report Market Trends: Security Markets, Worldwide, 2007-2013, the worldwide security software market will total $14.5 billion in 2009, an 8 percent increase from 2008. While 2008 security software grew at 19 percent, Gartner anticipates the market to rebound to 13 percent growth in 2010 with revenues totaling $16.3 billion.
Gartner says the greatest growth opportunities will come from software as a service, appliance based offerings and small-to-midsized businesses. SMBs are in security catch-up mode compared with large companies, and therefore spend a higher percentage of their budgets on security.
End users are gradually moving to better-integrated products with multiple areas of functionality, particularly in areas such as endpoint security and identity and access management, said Ruggero Contu, principal research analyst at Gartner in a statement. Vendors offering good integration in an already established and trusted technology partnership will be best-placed for success, as buyers prefer to deal with two or more vendors that already trust each others software and practices.
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