Enterprise security software market to grow 9% in 2009
The worldwide security software market will total $14.5 billion in 2009, an 8% increase from 2008, according to Gartner. In 2008, it grew at 19%, and Gartner anticipates the market to grow 13% in 2010 as revenue will total $16.3 billion.
In Europe, the security software market will total €3.2 billion in 2009, representing 7% growth from 2008.
Ruggero Contu, principal research analyst at Gartner, said: “Although the worldwide security software market is affected by the economic downturn, the growth will continue to be strong in 2009 as security remains a critical area where drastic cuts cannot be afforded.
“In the medium term, the greatest growth opportunities will come from software-as-a-service (SaaS), appliance based offering and small and medium businesses (SMBs), which are in security catch-up mode compared with large companies and therefore spend a higher percentage of their budgets on security.”
The enterprise security software market formed by a number of segments such as endpoint protection platform, email security boundary and user provisioning is predicted to account for $10.9 billion, reaching 9% growth in 2009.
Gartner estimates that in 2009, consumer security will remain the largest segment (in terms of total software revenue) in the security software market, representing 25% of the total market.
Mr Contu added, “The security software market in 2008 was characterised by a high level of consolidation with the examples of Mc Afee purchasing Secure Computing, Symantec and Sophos acquiring MessageLabs and Ultimaco, respectively. This is a sector where further consolidation is expected in the near future.
“End-users are gradually moving to better-integrated multi-products, particularly in areas such as endpoint security and identity and access management. 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 other’s software and practices.”