Menu
​Struggling Symantec stays ahead of the pack as security spending grows

​Struggling Symantec stays ahead of the pack as security spending grows

Symantec steals a march on Intel as IBM makes ground.

Worldwide security software revenue totalled $US22.1 billion in 2015, a 3.7 percent increase in from 2014.

According to Gartner, Symantec 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.

Research findings show that security information and event management (SIEM) remained the fastest-growing segment in 2015, with 15.8 percent growth, while consumer security software showed the sharpest decline at 5.9 percent year on year.

In 2015, the top five vendors together accounted for 37.6 percent of the security software revenue market share, down 3.1 percentage points from 2014.

Also, these vendors also displayed a collective decline of 4.2 percent in 2015, while the rest of the market (Others) grew strongly at 9.2 percent 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,” Gartner Principal Research Analyst, Sid Deshpande, added.

Specific to vendors, Symantec’s security software revenue declined 6.2 percent to $US3.4 billion.

In 2015, 74 percent of Symantec's revenue came from the consumer and endpoint protection platform (EPP) categories, which collectively declined seven percent year on year and were a major contributor to Symantec's revenue decline.

Meanwhile, Intel’s security software revenue also declined in 2015, with revenue falling 4.1 percent to $US1.75 billion.

Once again, the decline in the consumer and EPP markets, which accounted for 75 percent of Intel's revenue in 2015, contributed in large part to Intel's revenue decline.

Gartner said that IBM was the only one of the top five vendors to show growth, with its security software revenue growing 2.5 percent to total $US1.45 billion 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,” Deshpande added.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Gartnerintelsymantecmcafee

Events

Featured

Slideshows

Channel kicks 2021 into gear as After Hours returns to Auckland

Channel kicks 2021 into gear as After Hours returns to Auckland

After Hours made a welcome return to the channel social calendar with a bumper crowd of partners, distributors and vendors descending on The Pantry at Park Hyatt in Auckland to kick-start 2021.

Channel kicks 2021 into gear as After Hours returns to Auckland
The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

Hundreds of leaders from the New Zealand IT industry gathered at the Hilton in Auckland on 17 November to celebrate the finest female talent in the Kiwi channel and recognise the winners of the Reseller News Women in ICT Awards (WIICTA) 2020.

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards
Show Comments