Gartner Says Worldwide Security Software Market Grew 5.3 Per Cent in 2014

Analysts to Focus on Top Security Trends at Gartner Security & Risk Management Summit 2015, 14-15 September in London

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Worldwide security software revenue totalled $21.4 billion in 2014, a 5.3 per cent increase from 2013 revenue of $20.3 billion, according to Gartner, Inc. Low growth in endpoint protection platforms and a decline in consumer security software - markets that together account for 39 per cent of the market - offset the strong performance of high-growth areas, such as security information and event management (SIEM), secure Web gateway (SWG), identity governance and administration (IGA) and enterprise content-aware data loss prevention (DLP).

"Overall market growth was up slightly in 2014 to 5.3 per cent from 4.9 per cent in 2013," said Sid Deshpande, principal research analyst at Gartner. "Even though the SWG segment experienced single-digit growth in 2014, cloud-based and hybrid SWG deployments are becoming increasingly popular. As organisations' corporate data traffic becomes more exposed to the internet and moves out of the control of traditional network security boundaries, SWG technologies continue to be an important piece of the overall security technology strategy of most organisations."

Symantec was once again the largest security software vendor by revenue, although the company suffered its second consecutive year of revenue decline, down 1.3 per cent to $3.7 billion (see Table 1). A 6.2 per cent decrease in the consumer security software segment (which forms 53 per cent of Symantec's security software revenue) was the primary cause of the decline in overall revenue growth.

Security software revenue for second-placed Intel (McAfee) grew 4.6 per cent in 2014 to reach $1.8 billion. Revenue declines in two of its major markets (consumer security software and endpoint protection platforms), which form 75 per cent of its security software revenue, balanced the healthy performance in other segments. At third, IBM's security software revenue grew 17 per cent in 2014 to reach $1.5 billion. Its SIEM software products grew 21 per cent, driven by strong adoption of this category of products by organisations and managed security service providers (MSSPs) alike.

The DLP market grew 15.8 per cent year over year, to reach $643 million in revenue in 2014, primarily due to a decent showing from Symantec in this segment, which accounts for nearly half of the total market. The stable performance of the other top vendors in this segment also contributed to its healthy growth. However, Gartner said that 2014 is the last year that the market will exhibit such solid double-digit growth in its current form, given the rise of channel DLP (C-DLP) and "DLP lite" solutions, said Ruggero Contu, research director at Gartner. "Most established vendors in this space are transforming the way they deliver comprehensive DLP capabilities, and this transition period will likely impact growth in coming years."

The SIEM market grew 11 per cent in 2014 to reach $1.6 billion in revenue. The strong focus on threat detection and response from security buyers contributed to the strong showing of this market segment. In addition to the enterprise focus on buying on-premises SIEM technology, providers of managed security services emerged as a strong "sell to" market for SIEM providers. First-time adopters of SIEM, particularly from emerging markets, also were strong drivers of growth.

More detailed analysis is available in the report "Market Share Analysis: Security Software, Worldwide, 2014."

Additional details on the security market will be discussed at the Gartner Security & Risk Management Summit 2015 taking place on 14-15 September in London, UK. Members of the media can register for press passes to the Summits by contacting laurence.goasduff@gartner.com.

Information from the Gartner Security & Risk Management Summit 2015 will be shared on Twitter at http://twitter.com/Gartner_inc using #GartnerSEC.

 
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