Sapsiwai - Fotolia
Security information and event management (Siem) was the fastest-growing segment of the global security market in 2015, according to research firm Gartner.
The Siem segment grew 15.8% in the past year, especially compared with the consumer security software segment, which showed the sharpest decline of 5.9%.
While data loss prevention (DLP) is to be the top security initiative by UK and European firms in 2016, according to the latest annual TechTarget/Computer Weekly IT Spending Priorities survey, in North America the research reveals that Siem is top of the list to improve their response to targeted attacks.
Overall, Gartner found that worldwide security software revenue totaled $22.1bn in 2015, representing a 3.7% increase compared with the previous year.
In 2015, the top five suppliers accounted for 37.6% of the security software revenue market share, down 3.1% from 2014.
These suppliers also displayed a collective decline of 4.2% in 2015, while the rest of the market grew strongly at 9.2% year on year.
“The below-market growth seen by these large suppliers with complex product portfolios is in contrast to the market growth and disruption being introduced by smaller, more specialised security software suppliers,” said Sid Deshpande, principal research analyst at Gartner.
Symantec maintained the top position despite the company suffering its third consecutive year of revenue decline and its highest decline in revenue over a three-year period. Its security software revenue declined 6.2% to $3.4bn.
Read more about Siem
- More companies are investing in security information and event management to improve their response to targeted attacks.
- There are many factors to consider when selecting a security incident and event management product.
- Expert Karen Scarfone examines the best Siem products on the market to help you determine which one is right for your organisation.
In 2015, 74% of Symantec’s revenue came from the consumer and endpoint protection platform (EPP) categories, which collectively declined 7% year on year and were a major contributor to Symantec’s revenue decline.
Symantec’s market share for 2015 was 15.2%, followed by Intel (7.9%), IBM (6.6%), Trend Micro (4.5%) and EMC (3.4%).
Intel’s security software revenue also declined in 2015, with revenue falling 4.1% to $1.75bn. The decline in the consumer and EPP markets, which accounted for 75% of Intel’s revenue in 2015, also contributed in large part to Intel’s revenue decline, said Gartner.
Trend Micro’s revenue declined 5.9% to $990m, while EMC declined 5.3% to $756m.
IBM was the only one of the top five security suppliers to show growth. IBM’s security software revenue grew 2.5% to total $1.45bn in 2015. IBM’s growth was driven by its positive performance in the Siem segment and its significant services business, which generates revenue for its product business.