Gartner Remains Optimistic on Security Costs

Gartner Remains Optimistic on Security Costs

According to research firm Gartner, the global market for software security products will maintain an upward trend this year despite the continuing upshots of recession. 
 

Gartner estimates the security software market will account $14.5bn (£8.9bn) in 2009, gaining an eight percent increase from that of last year. A bigger boost is expected next year, with a 13 percent increase as the economy show signs of recovery. 

 

Analyst Ruggero Contu also predicted a growth in the security software market in spite of the economic downturn because companies can’t afford to risk their security by trimming down IT budget. 

 

“In the medium term, the greatest growth opportunities will come from software-as-a-service (SaaS), appliance-based offerings 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,” Contu stated.