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Gartner: Global security software market grew 4.9% last year

FY Teng | June 10, 2014
The market research firm attributes the lower-than-expected growth figure to commoditisation of key subsegments and decline in growth for two of five top vendors.

Contu offered up additional insights on these numbers. "The slower-than-average growth for security software in mature markets is due to the saturation of key segments of the technology market and the highly competitive nature of security deals, driven by an expansion of vendor capabilities into adjacent areas and the continuation of mergers and acquisitions," he said. "The high penetration rate of consolidated and mature technology areas such as consumer security software, endpoint protection and secure email gateway, has resulted in increased pricing pressure, along with the bundling of capabilities in suite offerings in the identity and access management space (user provisioning and Web access management), which leads to a slowdown in discrete new licence revenue."

 

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