Welcome to the July 2016 issue of the Computing Security Newsletter
Some interesting figures have just come out from leading analyst Gartner, which reports that worldwide security software revenue totalled $22.1 billion in 2015, a 3.7% increase from 2014. Security information and event management (SIEM) – something that has been explored recently in Computing Security magazine – remained the fastest-growing segment in 2015, with 15.8% growth, while consumer security software showed the sharpest decline at 5.9% year on year.
So, how did the main players fare? In 2015, the top five vendors together accounted for 37.6% of the security software revenue market share, down 3.1 percentage points from 2014. These vendors also displayed a collective decline of 4.2% in 2015, while the rest of the market grew strongly at 9.2% year on year. "The below-market growth seen by these large vendors with complex product portfolios is in contrast to the market growth and disruption being introduced by smaller, more specialised security software vendors," said Sid Deshpande, principal research analyst at Gartner. So… the times they are a-changing, it would seem.
Symantec maintained the No. 1 position, despite the company suffering its third consecutive year of revenue decline and its highest decline in revenue over a three-year period, while Intel’s security software revenue also declined in 2015, falling 4.1% to $1.75 billion. Maybe the big boys won’t have it all their own way in the future.
More detailed analysis is available to Gartner clients in the report ‘Market Share Analysis: Security Software, Worldwide, 2015’
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Brian Wall, Editor
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