Gartner Says Security Software Market Grew 7.5 Per Cent in 2011

Worldwide security software revenue totalled $17.7 billion in 2011, a 7.5 per cent increase from 2010 revenue of $16.4 billion, according to Gartner, Inc. Small or midsize business (SMB) demand, advanced persistent threats and compliance were among the main drivers. "Growth in the 2011 security market reflects a continuation in demand for consumer and enterprise security tools," said Ruggero Contu, research director at Gartner. "However, despite overall solid growth, some regions did not experience the high-double-digit growth of emerging Asia/Pacific and Eurasia, which has been driven by ‘Greenfield’ projects and buoyant economies. Western Europe remained the laggard because of the region’s uncertain economic situation." More on innov24.