The security software industry shrugged off the last vestige of the recession in 2010 by recording worldwide growth of 12 per cent to reach total revenue of $16.5bn, according to the latest figures from Gartner.
The figures will be welcome news for the industry, after tightening IT budgets and poor economic conditions led to a disappointing 2009, with revenues totalling nearly $2bn less at $14.7bn.
However, the growth was not uniform. More mature areas such as endpoint security and web access management showed growth in the single digits, while newer sectors such as security information and event management and secure web gateways recorded double-digit growth.
Symantec remains the undisputed leader with 5.8 per cent year-on-year growth and a market share of nearly 19 per cent, while McAfee retained its second place with growth of just over seven per cent and a share of 10.4 per cent.
Trend Micro and IBM rounded out the top five but, together with Symantec, experienced below-average growth, according to Gartner, while EMC in sixth fared better.
"Products within the security market are undergoing rapid evolution in terms of new delivery models, with security-as-a-service showing increasing popularity, and new technologies being introduced, often by start-up companies," said Ruggero Contu, principal research analyst at Gartner.
"Key vendors continued to expand their product portfolios, buying companies where appropriate and expanding their reach into emerging markets."
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