The top five vendors accounted for 37.6 percent of the security software revenue market share, Gartner report says
In 2015, the global security software revenue reached $22.1 billion, a 3.7 percent increase over the previous year, states a recent study by Gartner titled Market Share Analysis: Security Software, Worldwide, 2015.
According to the report, Security information and event management (SIEM) saw a 15.8 percent growth and remained the fastest-growing segment. On the other hand, consumer security software witnessed the sharpest decline at 5.9 percent year on year.
The top five vendors, which includes Symantec, Intel, IBM, Trend Micro and EMC, accounted for 37.6 percent of the security software revenue market share, down 3.1 percentage points from 2014. These vendors displayed a collective decline of 4.2 percent in 2015. On the other hand, the rest of the market (Others) grew strongly at 9.2 percent year-on-year. Essentially, the smaller software security companies gained by providing specialised or niche solutions to protect data and information of enterprises.