Gartner predicts that security software market will grow by eight per cent this year

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The worldwide security software market will grow by eight per cent according to Gartner.

The worldwide security software market will grow by eight per cent according to Gartner.

It claimed that the market will be worth $14.5 billion in 2009 following a growth of 19 per cent last year. It also expects a growth of 13 per cent in 2010, while in Europe the market will total €3.2 billion in 2009, representing seven per cent growth from 2008.

Ruggero Contu, principal research analyst at Gartner, believed that the largest growth areas will be software-as-a-service and appliance offerings, while small-and-medium size businesses are expected to provide the greatest percentage jump in spending.

Contu said: “The security software market in 2008 was characterised by a high level of consolidation with the examples of McAfee purchasing Secure Computing, Symantec and Sophos acquiring MessageLabs and Utimaco, respectively. This is a sector where further consolidation is expected in the near future.

“End-users are gradually moving to better-integrated multi-products, particularly in areas such as endpoint security and identity and access management. Vendors offering good integration in an already established and trusted technology partnership will be best-placed for success, as buyers prefer to deal with two or more vendors that already trust each other's software and practices.”

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