Gartner estimates the security software market increased 18.6 percent in 2008 to $13.5 billion worldwide, with Symantec, McAfee and Trend Micro leading the way. According to Gartner, some of the growth was due to increased demand for appliance-based products.
The market for security software made a strong showing in 2008,
jumping nearly 20 percent to $13.5 billion, according to Gartner.
The figure represents a roughly $2 billion increase for the market over
2007. Of particular note was an increase in
demand for appliance-based products within e-mail
security and secure Web gateway segments of the market, the analyst
"In 2008, the security market did not show any noticeable impact from
the economic downturn," said Ruggero Contu, principal research analyst
at Gartner, in a statement. "A double-digit growth in a challenging
economic climate shows that security remains a key priority for CIOs
and IT security leaders."
The top five vendors - Symantec, McAfee, Trend Micro,
will sound familiar to many. Their collective market share, however, is
falling - underscoring the idea that new players and specialist vendors
can challenge established leaders in the market, the analyst firm
Symantec continued to be the market leader,
accounting for 22 percent of worldwide security software revenues in
2008. That number, however, was down about 2.4 percent from 2007.
McAfee experienced the strongest growth rate among the top five
vendors, with its revenue jumping 20.5 percent in 2008.
to Gartner, the segments in the appliance-based products that recorded
the fastest growth in 2008 were: security information and event
management (SIEM), e-mail security boundary and secure Web gateway
appliance with 50 percent, 37.7 percent and 29.9 percent increases,
management (WAM) and endpoint protection platform (EPP) were the
slowest performing segments, due to the maturity of the technology, the
firm said. Gartner expects the market to continue to grow in 2009,
but at a much smaller rate of about 9 percent.
times of economic uncertainty and budget restrictions, IT security
leaders increasingly need to show business value and cost-effectiveness
for security measures, and this has impacted and slowed sales cycles,"
Contu continued. "However, new product delivery methods, such as
software as a service and host-based offerings, and expected increasing
interest from the small and midsize business sector will sustain growth
in the market in 2009."