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 securityGartnerintelIBMsymantecmcafee

Featured

Slideshows

Meet the leading female front runners of the Kiwi channel

Meet the leading female front runners of the Kiwi channel

Reseller News honoured the leading female front runners of the New Zealand channel at the 2018 Women in ICT Awards (WIICTA) in Auckland. The awards honoured standout individuals across seven categories, spanning Entrepreneur; Innovation; Rising Star; Shining Star; Community; Technical and Achievement.

Meet the leading female front runners of the Kiwi channel
Meet the top performing customer-centric Microsoft channel partners

Meet the top performing customer-centric Microsoft channel partners

Microsoft honoured leading partners across the channel following a year of customer innovation and market growth in New Zealand. The 2018 Microsoft Partner Awards recognised excellence within the context of the end-user, spanning a host of emerging and established providers.

Meet the top performing customer-centric Microsoft channel partners
Reseller News launches new-look Awards at 2018 Judges’ Lunch

Reseller News launches new-look Awards at 2018 Judges’ Lunch

Introducing the Reseller News Innovation Awards, launched to the channel at the 2018 Judges’ Lunch in Auckland. With more than 70 judges now part of the voting panel, the new-look awards will reflect the changing dynamics of the channel, recognising excellence across customer value and innovation - spanning start-ups, partners, distributors and vendors.

Reseller News launches new-look Awards at 2018 Judges’ Lunch
Show Comments