Worldwide security market grows 7.9% in 2012
Gartner points to BYOD as growth driver
Worldwide security software revenue totaled $19.2bn in 2012, a 7.9% increase from 2011 revenue of $17.7bn, according to research company Gartner Inc.
Gartner attributed the surge to the evolution of new threats and working practices, such as bring your own device (BYOD).
"The 2012 security market saw a continuation of increasing demand for consumer and enterprise security tools as McAfee's high growth of 37% boosted the overall market's growth rebound in 2012," said Ruggero Contu, research director at Gartner.
"Although overall, the 2012 security market continued to grow, not all regions experienced the high double-digit growth of, for example, Eurasia, which was driven by greenfield projects and buoyant economies. As expected, Western Europe remained the laggard due to economic uncertainties and fragility and also due to the impact of dollar-to-euro conversion."
While it retained its number-one position in the consumer and enterprise security spaces in 2012, Symantec managed only single-digit growth of 2.6% to reach $3.75bn in 2012.
Second-placed McAfee showed significant growth of 37% in 2012 to reach $1.7bn. This was driven by a combination of organic growth, acquisitions and the indirect impact of a 2011 revenue write-down following Intel's acquisition of McAfee.
In third place, Trend Micro, which spent much of 2012 accelerating the diversification of its business with cloud and virtualisation platform security and advanced threat protection (ATP) offerings, recorded an overall security revenue decrease of 2.7%, with negative growth impacting its consumer and enterprise businesses.