The worldwide security software market will total $14,5-billion in 2009, an 8% increase from 2008. According to Gartner in grew at 19% in 2008 and is expected to grow 13% in 2010, when revenue should total $16,3-billion.
In Europe, the security software market will total €3,2-billion in 2009, representing 7% growth from 2008.
“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,” says Ruggero Contu, principal research analyst at Gartner.
“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.”
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. Gartner estimates it will account for $3,6-billion, growing 4% in 2009. The enterprise security software market formed by a number of segments such as endpoint protection platform, e-mail security boundary and user provisioning is predicted to account for $10,9-billion, reaching 9% growth in 2009.
“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,” says Contu. “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.”