Wednesday, May 27, 2015

Global security software market grew 5.3 percent in 2014:#Gartner

Worldwide security software revenue totaled $21.4 billion in 2014, a 5.3 percent increase from 2013 revenue of $20.3 billion, according to Gartner, Inc. Low growth in endpoint protection platforms and a decline in consumer security software — markets that together account for 39 percent of the market — offset the strong performance of high-growth areas, such as security information and event management (SIEM), secure Web gateway (SWG), identity governance and administration (IGA) and enterprise content-aware data loss prevention (DLP).
 

Table 1. Top Security Software Vendors, Worldwide, 2013-2014 (Millions of Dollars)
Company
2014 Revenue
2014 Market
Share (%)
2013 Revenue
2013-2014
Growth (%)
Symantec
3,690
17.2
3,738
-1.3
Intel
1,825
8.5
1,745
4.6
IBM
1,486
6.9
1,270
17.0
Trend Micro
1,052
4.9
1,110
-5.2
EMC
798.0
3.7
760
5.0
Others
12,571
58.8
12,995
-3.2
Total
21,422
100.0
20,348
5.3
Source: Gartner (May 2015)

"Overall market growth was up slightly in 2014 to 5.3 percent from 4.9 percent in 2013," said Sid Deshpande, principal research analyst at Gartner. "Even though the SWG segment experienced single-digit growth in 2014, cloud-based and hybrid SWG deployments are becoming increasingly popular. As organizations' corporate data traffic becomes more exposed to the Internet and moves out of the control of traditional network security boundaries, SWG technologies continue to be an important piece of the overall security technology strategy of most enterprises."