Global security software revenue to cross USD 16.5 bn in 2010

Revenues from security software such as antivirus and anti-phishing solutions stood at USD 14.8 billion in 2009.

Gartner said though the economic downturn slowed security revenue to seven per cent growth in 2009, companies have indicated an intention to give priority to security budgets.
"Most segments of the security software market will continue to grow over the next few years...Overall, security will remain one of the fastest-growing areas within the enterprise software market," Gartner Principal Research Analyst Ruggero Contu said in a statement.
The consumer segment is expected to remain the largest segment with 2010 revenue projected to reach USD 4.2 billion in 2010 from USD 3.9 billion in 2009.

The enterprise market is the second largest segment with revenue on pace to reach USD three billion in 2010, up from USD 2.9 billion in the previous year, Gartner said.

The research firm said the evolving threat landscape, along with increasing demand (for compliance requirements) by companies continues to benefit the security software market.
"The growing sophistication of the threat landscape -— from malwares to socially engineered trojans (which trick end users into downloading and executing malicious files) -- will push organisations and consumers to invest in end-point security products in coming years," he said.

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