Security software market revenue reached $19.2 bn

Global security software market revenues rose 8 per cent to $ 19.2 billion last year, spurred by practices like bring your own device ( BYOD), among other issues, global research firm Gartner said on Thursday.
Worldwide revenues from security software market totalled $ 17.7 billion in 2011, the firm added.

“The evolution of new threats and working practices, such as bring your own device (BYOD), is driving spending on security,” it said.

The 2012 security market saw a continuation of increasing demand for consumer and enterprise security tools as McAfee‘s high growth of 37 per cent boosted the market’s overall growth rebound in 2012, Gartner Research Director Ruggero Contu said.

Spending on security software is also influenced by the evolution of new threats and working practices, he added.

For More: Techgig.com

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