Mostly Cloudy
22°CWed :Sunny. High: 27 Low: 15

Global security software market revenue reached $19.2 bn in 2012

Global security software market revenue reached $19.2 bn in 2012

New Delhi: Global security software market revenues rose 8 percent to USD 19.2 billion last year, spurred by practices like bring your own device (BYOD), among other issues, global research firm Gartner said on Thursday.

Worldwide revenues from security software market totalled USD 17.7 billion in 2011, the firm added.

“The evolution of new threats and working practices, such as bring your own device (BYOD), is driving spending on security,” it said.

The 2012 security market saw a continuation of increasing demand for consumer and enterprise security tools as McAfee’s high growth of 37 percent boosted the market’s overall growth rebound in 2012, Gartner Research Director Ruggero Contu said.

Spending on security software is also influenced by the evolution of new threats and working practices, he added.

“For example, as companies increase the mobility of their workforce, this situation raises new security concerns and requirements. Growing demand for remote access requires organisations to safeguard off-premises applications and data, as well as an array of new client devices,” he said.

In addition, the rapid adoption of virtualisation in the SMB (small and medium business) market is driving interest in security solutions targeting virtual environments, he added.

“Security continues to be a top priority across all technology categories in the SMB market. The rise of midmarket demand presents a new challenge for participants in the security space, as SMB requirements are different from those of larger enterprises,” Contu said.

Security buyers from SMBs are increasingly considering security as a service to serve as an alternative for deploying security technologies, particularly for areas such as email and web security, he added.

Such requirements are leading to market consolidation and more competitive pricing, as established players acquire pure-play cloud-based specialists across the security landscape, Contu said.

 

Top Stories

INDIA-ECONOMY-BANK-RATE

RBI wants Sebi to bar ‘wilful’ defaulters from capital mkts

July-30-2014
New Delhi : Tightening the regulatory noose around wilful defaulters of bank loans, RBI has suggested to watchdog Securities and Exchange Board
29300970.cms

Sensex down 30 points in early trade; L&T plunges 8%, Airtel gains 4.5% on quarterly results

July-30-2014
The benchmark BSE Sensex fell 30 points in early trade today on selling by funds and retail investors ahead of monthly expiry
f89df75d-e78c-43c1-b547-c607218a4977.img

India’s Tata Group earmarks $35bn for global expansion plan

July-30-2014
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the
prakash-nanjappa-cwg

Shooters, wrestlers inspire India’s medal rush in Commonwealth Games

July-30-2014
Glasgow: Shooters and wrestlers put on a stunning show as India grabbed nine medals, including three gold medals, in what was their
10012-1996-140729-rMBP_Update-l

Apple rolls out updated Retina MacBook Pros with faster Haswell chips

July-30-2014
Apple released the updated MacBook Pro line just in time before school season starts. The 13-inch entry level model is still $1,299
Birendra_Singh_Amit_Shah_360

Congress MP Meets Amit Shah, Alarms His Party in Haryana

July-30-2014
New Delhi: When Rajya Sabha MP Birendra Singh met BJP president Amit Shah on Tuesday, it underscored the growing troubles of the