Worldwide security software revenue totaled $16.5 billion in 2010, a 12 percent increase from 2009 revenue of $14.7 billion, according to Gartner, Inc. The 2010 results show that overall vendor revenue demonstrated a rebound in growth after a sharp fall in performance in 2009 due to the slow economy and tight IT budgets.
"Products within the security market are undergoing rapid evolution, in terms of both new delivery models — with security as a service showing increasing popularity — and new technologies being introduced, often by startup companies," said Ruggero Contu, principal research analyst at Gartner. "Key vendors continued to expand their product portfolios, buying companies where appropriate and expanding their reach into emerging markets."
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Gartner Says Security Software Market Grew 12 Percent in 2010
