The world will spend $14.5 billion in 2009 on software to defend cyber threats
Posted on | September 23, 2009 | 2 comments
Despite the global recession, we are all spending more than ever to defend against cyber threats.
The worldwide security software market will total $14.5 billion in 2009, an 8 % increase from 2008, according to Gartner analyst Ruggero Contu.
That’s down from 19% growth in 2008 vs. 2007. But Contu anticipates the market will grow 13 % in 2010, with revenue topping $16 billion by the close of next year.
“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,” said Ruggero Contu, principal research analyst at Gartner.
Growth will come from software-as-a-service, or SaaS. This includes the predictive, cloud-based technologies introduced this year: McAfee Artemis, Panda Cloud, Trend Micro Smart Protection and Symantec Quorum.
And small- and medium- businesses are expected to go on a shopping spree for cyber protection as SMBs “are in security catch-up mode compared with large companies and therefore spend a higher percentage of their budgets on security,” says Contu.
In 2009, consumer security will as usual account for the most revenue, $3.6 billion or 25 per cent of the total market, or 4 % more than 2008.
Corporate IT buyers will spend $10.9 billion this year — 9% more than 2008 — on endpoint protection platform, email security, user provisioning, among other security systems.,
Major acquistions in 2008 included McAfee purchasing Secure Computing, Symantec acquiring MessageLabs and Sophos nabbing Ultimaco. Continuing that trend, McAfee recently snapped up MXLogic.
“This is a sector where further consolidation is expected in the near future,” says Contu. “End-users are gradually moving to better-integrated multi-products.
Vendors who deliver “good integration” of technologies with good track records will be positioned to succeed. “Buyers prefer to deal with two or more vendors who already trust each other’s software and practices.”
Photo of Ruggero Contu by Gartner
By Byron Acohido
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“In 2009, consumer security will as usual account for the most revenue, $3.6 billion or 25 per cent of the total market, or 4 % more than 2008.”
That would seem to be the least amount of Revenue. Thankfully there are still plenty of options available for home computer users to protect their PC’s for Free.
Comment by Big Geek Daddy — 9/26/2009 @ 7:26 am
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Sorry, but I don’t blog, but will answer all emails.
Comment by Bob Pollock, CEO — 9/26/2009 @ 5:04 pm