Gartner Says Worldwide Security Software Market Grew 3.7 Per Cent in 2015

Analysts to Focus on Top Security Trends at Gartner Security & Risk Management Summits 2016 in Sao Paulo, Sydney, Mumbai and London

(PresseBox) ( Egham, UK, )
Worldwide security software revenue totaled $22.1 billion in 2015, a 3.7 per cent increase in from 2014, according to Gartner, Inc. (see Table 1). Security information and event management (SIEM) remained the fastest-growing segment in 2015, with 15.8 per cent growth, while consumer security software showed the sharpest decline at 5.9 per cent year on year.

In 2015, the top five vendors together accounted for 37.6 per cent of the security software revenue market share, down 3.1 percentage points from 2014. These vendors also displayed a collective decline of 4.2 per cent in 2015, while the rest of the market (Others) grew strongly at 9.2 per cent year on year.

"The below-market growth seen by these large vendors with complex product portfolios is in contrast to the market growth and disruption being introduced by smaller, more specialised security software vendors," said Sid Deshpande, principal research analyst at Gartner.

Symantec maintained the No. 1 position despite the company suffering its third consecutive year of revenue decline and its highest decline in revenue over a three-year period. Its security software revenue declined 6.2 percent to $3.4 billion. In 2015, 74 percent of Symantec's revenue came from the consumer and endpoint protection platform (EPP) categories, which collectively declined 7 per cent year on year and were a major contributor to Symantec's revenue decline.

Intel’s security software revenue also declined in 2015, with revenue falling 4.1 per cent to $1.75 billion. Once again, the decline in the consumer and EPP markets, which accounted for 75 percent of Intel's revenue in 2015, contributed in large part to Intel's revenue decline. IBM was the only one of the top five vendors to show growth. IBM’s security software revenue grew 2.5 per cent to total $1.45 billion in 2015. IBM's growth was driven by its positive performance in the SIEM segment and its significant services business, which generates revenue for its product business.

More detailed analysis is available to Gartner clients in the report "Market Share Analysis: Security Software, Worldwide, 2015."

Gartner Security & Risk Management Summits

Gartner analysts will provide additional analysis on IT security trends at the Gartner Security & Risk Management Summits 2016 taking place in Sao Paulo, Sydney, Mumbai and London. Follow news and updates from the events on Twitter at #GartnerSEC.
The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material.
The use of information published here for personal information and editorial processing is generally free of charge. Please clarify any copyright issues with the stated publisher before further use. In the event of publication, please send a specimen copy to service@pressebox.de.