Global Security Software Revenue Up 7.9 Percent in 2012

By | June 03, 2013

Posted in: Network Security Trends

New cyber threats helped to boost global revenue from security software to $19.13 billion last year, a 7.9 percent increase from 2011 revenue of $17.73 billion, according to the IT research company Gartner, Inc.

In a release issued this week, Gartner research director Ruggero Contu said the security market experienced increased demand for consumer and enterprise security tools.



“McAfee’s high growth of 37 percent boosted the overall market’s growth rebound in 2012,” said Contu. “Although overall, the 2012 security market continued to grow, not all regions experienced the high double-digit growth of, for example, Eurasia, which was driven by greenfield projects and buoyant economies. As expected, Western Europe remained the laggard due to economic uncertainties and fragility and also due to the impact of dollar-to-euro conversion.”

Th release said Symantec retained its No. 1 position in the consumer and enterprise security spaces in 2012 but achieved only single-digit growth of 2.6 percent to reach $3.75 billion. Second-placed McAfee showed significant growth of 37 percent in 2012 to reach $1.7 billion.

“This was driven by a combination of organic growth, acquisitions and the indirect impact of a 2011 revenue write-down following Intel’s acquisition of McAfee,” Gartner said. “In third place, Trend Micro, which spent much of 2012 accelerating the diversification of its business with cloud and virtualization platform security and advanced threat protection (ATP) offerings, recorded an overall security revenue decrease of 2.7 percent, with negative growth impacting its consumer and enterprise businesses.”

Gartner, which is hosting a security and risk management summit in National Harbor, MD, from June 10, said in a separate release  that the issue was “hedging your bets about the future”.

Company research vice president Andrew Walls said the goal was to anticipate the future and build security strategy and infrastructure that would provide sufficient protection for the enterprise in all probable scenarios. “This is a difficult process that is part science and part dark art,” he said.

Walls said two factors were driving the future of security: the aggregation of authority and the target of attack. “Currently, authority over security and risk management is primarily held by national governments and major industry groups and most attacks focus on the enterprise. This will not maintain,” he said.

“Attacks will increasingly target individuals, and authority will fragment as industry groups, hacktivist teams and criminal groups effectively mandate security approaches. These factors map out multiple future scenarios that can be used to plan security and risk strategy that can flex and adapt as reality changes over time.”

Walls said Gartner clients were reporting a steady increase in regulations, attack complexity, cloud utilization and mobile integration with business processes.  “All of these issues require security and risk teams to expand the scope of their operations, acquire new skills and technical capabilities and create an even closer partnership with their business colleagues.”

 

You May Also Be Interested In: