Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Risk

9/22/2009
09:28 PM
George V. Hulme
George V. Hulme
Commentary
50%
50%

Security Software Market Remains Strong

While the growth of the security software market took a hit this year, along with most every other market segment, it's still pegged to grow 8 percent, year over year, according to a market research firm. There's also stronger growth ahead.

While the growth of the security software market took a hit this year, along with most every other market segment, it's still pegged to grow 8 percent, year over year, according to a market research firm. There's also stronger growth ahead.Market research firm Gartner Inc. says that the global security software market will tally $14.5 billion this year. That's up 8% from 2008, which saw this segment grow by 19%. The good news is that, for 2010, Gartner predicts double-digit growth to return, with a 13% sequential increase over 2009 to reach $16.3 billion.

Here's what Ruggero Contu, principal research analyst at Gartner had to say in a statement:

"Although the worldwide security software market is affected by the economic downturn, the growth will continue to be strong in 2009 as security remains a critical area where drastic cuts cannot be afforded," s the medium term, the greatest growth opportunities will come from software as a service (SaaS), appliance based offering and small and medium businesses (SMBs), which are in security catch-up mode compared with large companies and therefore spend a higher percentage of their budgets on security."

Not much to nitpick with there. SMBs will be spending more, because in the years past they've, generally, spent so little on IT security. I have to add that the healthcare market, which is rapidly moving to electronic health records, will have to also step up and spend more when it comes to IT security. I expect significant incremental security spend from the healthcare vertical.

As for SaaS taking much of the growth, we've known that for some time and covered this trend in Symantec Buys MessageLabs: SaaS Security Ready To Rock , Identity Management as a Service, and Security Continues Its Drive Toward The Cloud.

The rest of Gartner's statement rehashed the security vendor consolidation of 2008, and the move toward multi-featured integrated security products. Not much new insight there. That's been going on for years, and will continue to be the case for the foreseeable future. Continue to expect the big vendors to buy the well-run startups with good ideas, and keep looking for true innovation from the scrappy security startups.

As for IT security budgets: keep them tight and aligned with the bigger business objectives.

For my mobile and technology observations, consider following me on Twitter.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
News
Inside the Ransomware Campaigns Targeting Exchange Servers
Kelly Sheridan, Staff Editor, Dark Reading,  4/2/2021
Commentary
Beyond MITRE ATT&CK: The Case for a New Cyber Kill Chain
Rik Turner, Principal Analyst, Infrastructure Solutions, Omdia,  3/30/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you today!
Flash Poll
How Enterprises are Developing Secure Applications
How Enterprises are Developing Secure Applications
Recent breaches of third-party apps are driving many organizations to think harder about the security of their off-the-shelf software as they continue to move left in secure software development practices.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2021-29450
PUBLISHED: 2021-04-15
Wordpress is an open source CMS. One of the blocks in the WordPress editor can be exploited in a way that exposes password-protected posts and pages. This requires at least contributor privileges. This has been patched in WordPress 5.7.1, along with the older affected versions via minor releases. It...
CVE-2021-21405
PUBLISHED: 2021-04-15
Lotus is an Implementation of the Filecoin protocol written in Go. BLS signature validation in lotus uses blst library method VerifyCompressed. This method accepts signatures in 2 forms: "serialized", and "compressed", meaning that BLS signatures can be provided as either of 2 un...
CVE-2021-29430
PUBLISHED: 2021-04-15
Sydent is a reference Matrix identity server. Sydent does not limit the size of requests it receives from HTTP clients. A malicious user could send an HTTP request with a very large body, leading to memory exhaustion and denial of service. Sydent also does not limit response size for requests it mak...
CVE-2021-29431
PUBLISHED: 2021-04-15
Sydent is a reference Matrix identity server. Sydent can be induced to send HTTP GET requests to internal systems, due to lack of parameter validation or IP address blacklisting. It is not possible to exfiltrate data or control request headers, but it might be possible to use the attack to perform a...
CVE-2021-29432
PUBLISHED: 2021-04-15
Sydent is a reference matrix identity server. A malicious user could abuse Sydent to send out arbitrary emails from the Sydent email address. This could be used to construct plausible phishing emails, for example. This issue has been fixed in 4469d1d.