Security software market growing

Gartner analysts are predicting the worldwide security software market will reach more than USD 16.5 billion in revenues in 2010.

If true, the prediction will represent an 11.3% increase from the USD 14.8 billion in revenues the security industry saw in 2009. It also represents a roughly 4% bump from the 7% growth the market experienced between 2008 and 2009, the firm found.

"Overall, security will remain one of the fastest-growing areas within the enterprise software market," said Ruggero Contu, principal research analyst at Gartner, in a statement.

While the consumer security software market remains the largest segment with projected revenue of USD 4.2 billion in 2010, the market for enterprise endpoint protection platforms is number two with revenues on pace to reach USD 3 billion by the end of the year.

Source: eWeek.