Startup City Magazine

Worldwide Security Software Market Grew 5.3 Percent in 2014, Gartner

Bangalore: 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 & event management (SIEM), secure Web gateway (SWG), identity governance & administration (IGA) and enterprise content-aware data loss prevention (DLP).

Speaking about the security software market, Sid Deshpande, Principal Research Analyst, Gartner says, “Overall market growth was up slightly in 2014 to 5.3 percent from 4.9 percent in 2013. 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”.
According to the 2015 Gartner research, Symantec was once again the largest security software vendor by revenue, although the company suffered its second consecutive year of revenue decline, down 1.3 percent to $3.7 billion. A 6.2 percent decrease in the consumer security software segment was the primary cause of the decline in its overall revenue growth.

Security software revenue for second-placed Intel (McAfee) grew 4.6 percent in 2014 to reach $1.8 billion. Revenue declines in two of its major markets which formed 75 percent of its security software revenue, balanced the healthy performance in other segments. At third, IBM's security software revenue grew 17 percent in 2014 to reach $1.5 billion. Its SIEM software products grew 21 percent, driven by strong adoption of this category of products by enterprises and managed security service providers (MSSPs) alike.

Ruggero Contu, Research Director , Gartner says, “The DLP market grew 15.8 percent year-over-year, similar to previous year's growth numbers, to reach $643 million in revenue in 2014, primarily due to a decent showing from Symantec in this segment, which accounts for nearly half of the total market. The stable performance of the other top vendors in this segment also contributed to its healthy growth. However, Gartner believes that 2014 is the last year that the market will exhibit such solid double-digit growth in its current form, given the rise of channel DLP (C-DLP) and ‘DLP lite’ solutions.

The SIEM market grew 11 percent in 2014 to reach $1.6 billion in revenue. The strong focus on threat detection and response from security buyers contributed to the strong showing of this market segment. In addition to the enterprise focus on buying on-premise SIEM technology, providers of managed security services emerged as a strong ‘sell to’ market for SIEM providers. First-time adopters of SIEM, particularly from emerging markets, also were strong drivers of growth.
On the other hand, the Gartner Security & Risk Management Summit 2015 is focused on managing risk and delivering security in a digital world. This summit will provide best practices and strategies to maintain cost effective security and risk programs in order to support digital business and drive enterprise success.


Current Issue

Featured Startups