Posted by Virus Bulletin on Jul 16, 2007
Reports predict revenues will continue rising.
Analyst firm Global Industry Analysts (GIA) has released its latest report on the future of the IT security market, predicting 'stupendous growth' and suggesting revenues may exceed $79 billion by 2010. The study backs up a recent Frost & Sullivan report on the anti-malware market, also suggesting strong growth over the next few years.
The GIA report sees US and European markets dominating, with 71% of all sales in those regions, but the Asia-Pacific area showing the fastest growth. The largest market section, security services, is predicted to reach $29 billion by the end of this year. The hardware market is set to expand considerably, with 20% growth expected, as is secure content management, due to grow a massive 37%.
The anticipated growth is put down to increasingly universal demand for security products and technological innovation within the industry. Other predications include a continuation of the movement towards greater consolidation, with more smaller and regional companies absorbed by growing global giants, a trend highlighted by the recent purchase of Postini by Google.
The Frost & Sullivan report, released earlier this month, focused on the anti-malware market and found revenues in the sector had grown over 17% in the past year, with further expansion of over 10% per year expected for several years to come. The analysts highlighted the ever-growing dangers of cybercrime and for-profit malware as the most significant factors in the upward trend.
A summary of the GIA findings is here, and the full report can be purchased here. Some analysis of the Frost & Sullivan findings at vnunet is here, and the report itself can be obtained, for a price, here.
Posted on 16 July 2007 by Virus Bulletin