Global IT Security Market Remains Upbeat Despite Recession

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Global IT security market, including security appliances, security software and security services, has continued to witness strong demand across all segments, indicating healthy growth prospects in coming years. According to our latest research report, “Global IT Security Market Forecast to 2013”, the global IT security market is anticipated to grow at a CAGR of nearly 11% during 2009-2013, defying the IT budget cuts amid the current economic slowdown. The rising security concerns from rapidly increasing multifaceted threats among corporate across the world will continue fueling the growth of the global IT security market.

Our research reveals that the current market is dominated by the IT security software, which accounted for an estimated 44% of the global IT security market in 2008. However, major growth will be seen in the IT security services market over the forecast period. Our research foresees CAGR of around 12%, 9% and 13% for security appliances, security software and security services respectively during 2009-2013.

The report further highlights that UTM will remain the fastest growing segment of the security appliances market, with an anticipated CAGR of around 25% during the forecast period. Other segments, such as IPD and VPN, will also grow at a modest pace in near future. Meanwhile, our report identifies SCTM as leading segment of the security software market, followed by IAM and SVM. Growth across all the segments of IT security market will be driven by rising demand for security solutions worldwide, owing to deployment of IT among vertical sectors, such as finance, retail and telecommunication, aimed at cost cutting amid recession.

“Global IT Security Market Forecast to 2013” provides an overview on the current and future scenario of the world IT security market. It studies the global IT security market into three segments: Security Appliances, Security Software and Security Services. The research also studies the market on regional as well as country level and provides forecast for each country’s IT Industry. The research also contains various ongoing and emerging trends in the global IT security market, thus helping the IT security vendors to identify opportunities that may prove critical to their growth in the concerned market.

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