sb-au logo
Story image

Symantec remains #1 in worldwide security software market share report

The results for Gartner's worldwide security software market share report are in and Symantec remains on top.

According to Gartner, the security provider maintained the No. 1 position, despite the company suffering its third consecutive year of revenue decline and its highest decline in revenue over a three-year period.

Symantec's security software revenue declined 6.2 percent to $3.4 billion. In 2015, 74 percent of its revenue came from the consumer and endpoint protection platform (EPP) categories. 

Gartner also revealed that the worldwide security software market grew 3.7% in 2015 and the revenue totaled $22.1 billion in 2015, a huge increase from 2014.

Security information and event management remained the fastest-growing segment in the same year (2015), with 15.8% growth, while consumer security software showed the sharpest decline at 5.9% year on year.

Gartner state that the top five vendors together accounted for 37.6% of the security software revenue market share, down 3.1 percentage points from 2014.

The rest of the market grew strongly at 9.2% year on year.

"The below-market growth seen by these large vendors with complex product portfolios is in contrast to the market growth and disruption being introduced by smaller, more specialised security software vendors," says Sid Deshpande, principal research analyst at Gartner.

Much like Symantec, Intel’s security software revenue also declined in 2015, with revenue falling 4.1% to $1.75 billion. Gartner reports that the decline in consumer EPP markets contributed in large part to Intel’s revenue decline. 

It turns out that IBM was the only one out of the top five vendors to show growth, with its revenue growing 2.5% to $1.45 billion in 2015.

For Gartner clients, a more detailed report and analysis is available here.  

Story image
Video: 10 Minute IT Jams - Vectra AI exec discusses cybersecurity for Office 365
In Techday's second IT Jam with Vectra AI, we speak again with its head of security engineering Chris Fisher, who discusses the organisational impact of security breaches within Microsoft O365, why these attacks are on the rise, and what steps organisations should take to protect employees from attacks.More
Story image
The cybersecurity risks that come with re-onshoring Australian manufacturing
As technology such as IoT, robotic process automation (RPA) and artificial intelligence (AI) reshapes the manufacturing landscape, organisations are simultaneously put at an increased risk of a cyberattack.More
Story image
Voice phishing attacks on the rise, remote workers vulnerable
There is an increase in voice phishing attacks, where hackers use existing employee names in attempt to trick victims into sharing login credentials and data by phone.More
Story image
Forrester names Thycotic a Leader in privileged access management
Thycotic received the highest possible score in 11 of the 24 criteria in the study, including SaaS/cloud, innovation roadmap, and integrations, deployment, supporting products and services, commercial model, and PIM installed base.More
Story image
Bluechip Infotech to distribute WatchGuard’s Firewall-aaS
It comes with a zero commitment option where the firewall appliance can be returned at any time.More
Story image
Trend Micro integrates with AWS Network Firewall
As a Launch Partner, Trend Micro has integrated managed threat intelligence feeds from its cloud security solution to enable superior protection in line with this new AWS managed firewall service.More