Security software mkt grew 12% in 2010 to $16.5 bn: Gartner -Governance Now

Security software mkt grew 12% in 2010 to $16.5 bn: Gartner

Revenue grew from USD 14.7 billion in 2009 to USD 16.5 billion in 2010

PTI | June 8, 2011

Worldwide security software revenue witnessed a growth of 12 per cent in 2010 to USD 16.5 billion, driven by a rebound in demand for such solutions, according to research firm Gartner.

According to Gartner, global security software revenue grew from USD 14.7 billion in 2009 to USD 16.5 billion in 2010, a growth of about 12 per cent.

"Key vendors continued to expand their product portfolios, buying companies where appropriate and expanding their reach into emerging markets," Gartner Principal Research Analyst Ruggero Contu said in a statement.

While mature areas like endpoint security and web access management showed single-digit growth, security information and event management (SIEM) and secure web gateway products experienced double-digit growth, Gartner said.

"Products within the security market are undergoing rapid evolution, in terms of both new delivery models -- with security as a service showing increasing popularity -- and new technologies being introduced, often by start-up companies," Contu said.

Symantec retained its market share lead and accounted for 18.9 per cent of total security software revenue in 2010, while McAfee had a 10.4 per cent share.

Trend Micro, IBM and EMC followed with 6.3 per cent, 4.9 per cent and 3.8 per cent shares of the market, respectively.

Comments

Other News

Maharashtra adopts hybrid model for Census 2026 data collection

The government has initiated preparations for Census 2026 in Maharashtra, introducing a hybrid approach that combines optional self-enumeration with comprehensive door-to-door data collection to ensure complete coverage across the state. According to senior officials, the Self-

What the nine Indian Nobel winners have in common

A Touch Of Genius: The Wisdom of India’s Nobel Laureates Edited by Rudrangshu Mukherjee Aleph Books, Rs 1499, 848 pages

Income Tax dept holds Ghatkopar Outreach on new IT Act

The Income Tax Department organised an outreach programme in Ghatkopar, Mumbai, to raise awareness about the key features of the Income Tax Act, 2025, effective April 1, 2026. The initiative is part of a nationwide effort to promote taxpayer awareness, simplify compliance, and strengthen a transparent, eff

Making AI work where governance is closest to people

India’s next governance leap may not solely come from digitisation. It will come from making public systems more intelligent, more adaptive, and more responsive to the dynamics at the grassroots. That opportunity is especially significant at the panchayat level, where governance is not an abstract po

Borrowing troubles: How small loans are quietly trapping youth

A silent crisis is playing out in the pocket of young India, not in stock markets or government treasuries, but in smartphones of college students and first-jobbers who clicked on the Apply Now button without reading the small print. A decade ago, to take a loan, you had to do some paperwor