Despite the economic slowdown, the global software security market is set to reach $14.5 billion in 2009—up about 8 percent from 2008, according to a recent Gartner report. The growth is significantly slower than the previous year, when the market expanded by 19 percent. But Gartner anticipates 13 percent growth in 2010, with revenue totaling $16.3 billion.
About $11 billion of this year’s sales will be for enterprise, as opposed to consumer, security products. The fastest growth is stemming from software as a service and appliance-based offerings. Vendors offering a suite of products are also doing better business than niche vendors. Small and medium-sized businesses are also boosting spending, attempting to catch up to larger firms.