Global IT Security Market Remains Upbeat Despite Recession

Global IT security market, including security appliances, security, software and security services have continued to witness strong demand across all segments, indicating a healthy growth in the coming years. According to our latest research report, "Global IT Security Market Forecast 2013" the global IT security market to grow to a CAGR of nearly 11% during 2009-2013, defying the IT budget cuts in the middle of the current economic slowdown. The increased security issues from fast growing multifaceted threats among corporate customers throughout the world will continue fueling growth in the global IT security market.

Our research shows that the current market is dominated by IT security software, which accounted for an estimated 44% of global IT security market in 2008. However, higher growth should be seen in IT security services market during the forecast period. Our research predicts CAGR of around 12%, 9% and 13% of security appliances, security, security software and services respectively during 2009-2013.

The report emphasizes that UTM will remain the fastest growing segment of the security appliances market, with an expected CAGR of around 25% over the forecast period. Other segments that IPD and VPN will also grow at a modest pace in the near future. Meanwhile, our report identifies SCTM as a leading segment of the security software market, followed by the IAM and SVM. Growth in all segments of the IT security market will be driven by increasing demand for security solutions worldwide, because of the use of IT among the sectors such as finance, retail and telecommunications, focusing on cost savings amid recession.

"Global IT Security Market Forecast to 2013" provides an overview of current and future scenario of the world IT security market. It studies the global IT security market into three segments: Security Appliances, Security Software and Security Services. The research also studies the market at regional and national levels and provides forecasts for each country's IT industry. The research also contains various ongoing and emerging trends in global IT security market, thus helping the IT security vendors to identify opportunities that may prove crucial to their growth in that market.