[HIB]Security Software Market Expected To Grow

The increasing sophistication of malware threats is good news for the security software business, which is expected to grow more significantly this year than it did in 2009. Research consultancy Gartner is forecasting that worldwide security software revenue will exceed $16.5 billion in 2010, an increase of 11.3% from the $14.8 billion in revenue recorded in 2009. During 2009, the security software business grew only 7%, which Gartner attributes to the global economic slowdown. Gartner research analyst Ruggero Contu expects the security software market to continue to be one of the fastest growing segments of the enterprise software market, though with some variation between established and emerging technologies.

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