Featured Articles

LG G Watch R ships in two weeks

LG G Watch R ships in two weeks

The LG G Watch R, the first Android Wear watch with a truly round face, is coming soon and judging by…

More...
LG unveils NUCLUN big.LITTLE SoC

LG unveils NUCLUN big.LITTLE SoC

LG has officially announced its first smartphone SoC, the NUCLUN, formerly known as the Odin.

More...
Microsoft moves 2.4 million Xbox Ones

Microsoft moves 2.4 million Xbox Ones

Microsoft has announced that it move 2.4 million consoles in fiscal year 2015 Q1. The announcement came with the latest financial…

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 18 August 2010 12:04

Security software market to grow by 11 per cent

Written by Nick Farell
y_analyst

Gartner has spoken
Soothsayers and readers of tarot cards working for the analysts Gartner group have been watching the flight of swallows and come the conclusion that the security software market will grow by 11 per cent this year.

According to the outfit , security software is always going to be in demand. Worldwide security software revenue forecast is likely to surpass US$16.5 billion in 2010, this marks an 11.3 per cent increase from the 2009 revenues of US$14.8 billion.

Identity and access management have been the key growth areas. Gartner said it takes around eight per cent of company security budgets. Ruggero Contu, principal research analyst at Gartner, said: “Most segments of the security software market will continue to grow over the next few years, although a significant degree of variation is expected between the more-established and less-mature technologies.

“Security software vendors that have a balanced mix of channel, new licence and maintenance revenue streams and flexibility in contractual terms, such as Software-as-a-Service (SaaS), open source and outsourcing, have the strongest options for continued growth and to even out the risk,” he said.

Matthew Cheung, senior research analyst at Gartner, predicted that virtual products and appliances will continue to overtake traditional software licensing over the next six to 12 months.

Nick Farell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments