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Gartner predicts worldwide security software revenue to grow 11 per cent in 2008

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Growing awareness of the damage caused by security breaches, together with the increasing demand for a more mobile and remote workforce, will keep the worldwide market for security software buoyant, according to Gartner.

Worldwide security software revenue is projected to total $10.5 billion in 2008, an 11.2 per cent increase from 2007. The market is forecast to surpass $13.1 billion in 2012.

"Organisations are increasingly accepting the need to have a more 'open' connectivity with business third parties," said Ruggero Contu, principal research analyst at Gartner. "Consequently, assessing third-party security and defining how to securely communicate are becoming critical factors for businesses."

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