Tuesday, October 30, 2012

Security Client Software Revenue to Reach $7.3B

Security software demand will typically develop anywhere there is accelerating online device growth. Therefore, the need to avoid infection by an mobile app virus or trojan will becoming increasingly important as smartphones and media tablets become even more pervasive.

Infonetics Research released excerpts from its latest market study of security client software market share and an associated forecast, which tracks the enterprise and consumer software category for mobile devices, desktops and laptops.

"Coming off the spike in 2011, the perennially strong desktop security client segment is slowing as companies turn their attention to mobile and cloud-based security solutions," said Jeff Wilson, principal analyst for security at Infonetics Research.

Infonetics believes that more people are already using smartphones and media tablets in place of their traditional desktop and laptop computers, which is fueling a corresponding increase in mobile malware -- creating the need for mobile-specific security solutions.

As a result, they expect mobile solution offerings to grow to over a third of the total security client software market by 2016.



Security client software market highlights include:
  • Global sales of desktop and mobile security client software are forecast by Infonetics to top $7.3 billion by 2016.
  • Infonetics expects mobile security client software revenue to grow 63 percent in 2012 on the heels of 76 percent annual growth in 2011.
  • The much bigger desktop/laptop security client software segment is forecast to grow at a comparatively modest 0.9% percent compound annual growth rate (CAGR) from 2011 to 2016.
  • Perennial frontrunners Symantec (#1) and McAfee (#2) continue to lead the security software market, although upstart mobile and hosted vendors could soon shake up the market share landscape.

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