Global IT security market, which includes security appliances, security software and security services, has continued to observe tough demand across all segments, representing healthy growth scenario in the next years. The increasing security concerns from fast growing multifaceted threats between corporate across the world will continue fueling the expansion of the global IT safety market.
Our studies expose that the present market is conquered by the IT security software, which accounted for an estimated 44% of the worldwide IT security market in 2008. On the other hand, most important growth will be seen in the IT security services market over the anticipated period. Our research foresees CAGR of approximately 12%, 9% and 13% for security appliances, security software and security services correspondingly throughout 2009-2013.
The information additional highlights that UTM will remain the best growing section of the security appliances market, with an anticipated CAGR of around 25% throughout the forecast period. Additional segments, like IPD and VPN, will also grow at a humble pace in near future. In the meantime, our account identifies SCTM as principal segment of the security software market, followed by IAM and SVM. Growth across all the segments of IT security market will be determined by increasing demand for security solutions worldwide, due to deployment of IT between vertical sectors, like finance, retail and telecommunication, aimed at cost cutting among recession.
The research also comprise of several ongoing and promising trends in the global IT security market, therefore assisting the IT security vendors to name opportunities that may show critical to their increase in the concerned market.