The security software market grew 7.5%
The turnover of the security software vendors last year amounted to 17,700 million dollars in total, 7.5% more than last year, when the market moved about 16,400 million. All these figures are drawn from a recent statement presented by Gartner and analyzing the situation of the industry and good future prospects. The security software market continued to show resilience in a time of extensive IT budget constraints. And it was not for the purchase of McAfee by Intel, the rate of growth that would be talking double digits. The reason for the decline of 27.5% of McAfee is not so much market reasons but in a company’s financial restatement that after being acquired on February 28, 2011 by Intel, the chip maker was forced to write down as own approximately 30% of the 1,400 million income security company. Turning now in detail, Symantec maintains leadership in this market segment in both the consumer and business, with growth of 17% and a total turnover 3,700 million dollars.
And is that the company has continued its expansion by offering solutions beyond the traditional security market entering the emerging markets of backups and data loss prevention (DLP) and encryption products. For its part, McAfee has a strong brand and market presence that originates from its primary focus and expertise in security, in both consumer and business markets. In business, McAfee has been expanding its range of security software for network security through the acquisition of Secure Computing in November 2008. With its parent company, Intel, McAfee aims to develop better integration between hardware and security. Trend Micro last year was third on the podium with the largest suppliers in the market, an increase of their income from 11% to 1,200 million dollars.