Content security market up 25% in 2008
Market remains strong with double digit growth predicted in 2009
Worldwide revenue for the content security market grew by 25% in 2008 to achieve revenues of $1.93 billion according to research firm Infonetics.
The report demonstrates that the content security market is fairly resilient in the midst of the current global financial climate.
“The short- and long-term opportunity for content security is strong. There was some question about how resilient the spammers, malicious code authors, and black market economy really were. But as of the end of February 2009, spam volume is nearly at its pre-November level, and the consensus is that, like a virus, the spammers that survive will be more dangerous and more resilient,” said Jeff Wilson, principal analyst for Network Security, Infonetics Research
According to Infonetics double digit annual growth is expected in the worldwide market in 2009, followed by single-digit annual growth through 2013.
Content security vendors overall had a strong fourth quarter in 2008, with most companies showing single-digit sequential growth. Vendors that performed well were Websense, who ranked first in worldwide revenue in 2008, followed by Symantec, Blue Coat, and McAfee.
Software as a Service (SaaS) is expected to play a role in changing the content security landscape over the coming years but the research firm predicts that in the long term, software will make up less of the overall content security market and appliances will make up more, largely due to the massive performance requirements for content security gateways moving forward.