The security market had a strong start to 2010, with total year-on-year end-user value growth of 15.2 percent in the first quarter, Canalys said in a report.
"There is renewed confidence in the industry as budgets that were held back during the recession were released in the fourth quarter of 2009, much of which carried on into 2010," the report says. "2011 will see growth of 9.2 percent, pushing end-user value to $16.3 billion, and the compound annual growth rate [CAGR] for 2010 to 2014 is forecast to be 6.1 percent."
Infrastructure security appliances are expected to lead much of the growth in 2010 and are predicted to generate more than 48.7 percent of total security end-user value, Canalys says.
Client security software will see more modest growth after its strong performance in 2009. It is expected to grow 6.9 percent worldwide and will account for 16.9 percent of the total security market in 2010, Canalys predicts. Vendors are now developing security-as-a-service capabilities for endpoint security, and this will drive much of the client security business in the next three years, the research firm. Hosted security is forecast to reach $1.2 billion by 2014.
Acquisitions are expected to continue as a result of the demand for end-to-end solutions that are fully integrated and managed by one console, Canalys says. Symantec, McAfee, and Check Point kicked off the acquisition trend in the first half of the year, and Canalys expects other vendors to follow suit.
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