Worldwide security software revenue is forecast to surpass $16.5 billion in 2010, an 11.3% increase from 2009 revenue of $14.8 billion, according to Gartner Inc. Although the economic downturn slowed security revenue to 7% growth in 2009, organizations have indicated an intention to give priority to security budgets.
Gartner analysts said security software markets will weather the current economic downturn better than in 2001 and 2002, because the market conditions are dramatically different in terms of maturity, penetration, confidence in IT, and geographic and vertical mix.
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