Gartner finds IT security spending up eight percent

Share this article:

Despite many organizations facing flat-lining overall budgets due to the ailing economy, security software spending does not appear to be following suffering along, according to new figures from Gartner.

The research firm revealed Monday that it expects the worldwide software security market to total $14.5 billion this year, up eight percent from last year. The trend will continue next year, when Gartner anticipates the market will see a 13-percent gain in revenue to $16.3 billion.

The largest growth areas likely will be software-as-a-service and appliance offerings, according to Gartner. Small-and-medium-size businesses are expected to provide the greatest percentage jump in spending, as SMB owners "...are in catch-up mode compared with large companies," Ruggero Contu, a principal research analyst at Gartner, said in a statement.

"Although the worldwide security software market is affected by the economic downturn, the growth will continue to be strong in 2009, as security remains a critical area where cuts cannot be afforded," he said.

Enterprise security software revenue, from such solutions as endpoint and email protection and user provisioning, is expected to total $10.9 billion.

The firms that offer strong integrations with other products will come out on top, Contu predicted.

"End-users are gradually moving to better-integrated multiproducts, particularly in areas such as endpoint security and identity and access management," he said. "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 other's software and practices."

Along this line, Contu noted that 2008 brought a number of high-profile acquisitions, including McAfee picking up Secure Computing and Symantec buying MessageLabs. More consolidation is expected during the next several months, he said.

Share this article:
You must be a registered member of SC Magazine to post a comment.

Sign up to our newsletters

More in News

Researchers observe more than a hundred connections to 'Backoff' sinkhole

Researchers with Kaspersky Lab were able to sinkhole two command-and-control servers used by certain Backoff point-of-sale malware samples.

Judge lifts stay but Microsoft won't hand over emails during appeal

A judge has lifted a suspension of a previous order compelling Microsoft to hand over customer emails stored on a server in Ireland.

Home Depot investigates possible payment card breach

Home Depot investigates possible payment card breach

Home Depot said on Tuesday that it is working with its banking partners and law enforcement to investigate a possible data breach.