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.”