Monday, September 21, 2009

Worldwide Security Software Market on Pace to Grow 8% in 2009

The worldwide security software market will total $14.5 billion in 2009, an 8% increase from 2008, according to Gartner, Inc. In 2008, it grew at 19%, and Gartner anticipates the market to grow 13% in 2010 as revenue will total $16.3 billion. In Europe, the security software market will total €3.2 billion in 2009, representing 7% growth from 2008.

In 2009, consumer security will remain the largest segment (in terms of total software revenue) in the security software market, representing 25 per cent of the total market. Gartner estimates it will account for $3.6 billion, growing 4% in 2009. The enterprise security software market formed by a number of segments such as endpoint protection platform, email security boundary and user provisioning is predicted to account for $10.9 billion, reaching 9% growth in 2009.

More information on the service and support industry can be found at www.supportindustry.com

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