Global IT security market remains optimistic despite recession

Global security market, including security devices, security software and security services, has continued to witness strong demand across all segments, indicating healthy growth prospects in the coming years. According to the latest research report, "Global Information Security Market Forecast to 2013" the global security market is expected to grow at a CAGR of nearly 11% during 2009-2013, challenging the IT budget cuts in the middle of the current economic slowdown. Security concerns rising rapidly growing multi-faceted threats among companies worldwide will continue to fuel overall market growth of IT security.

Our research reveals that the current market is dominated by the IT security software, representing an estimated 44% of world IT security in 2008. However, significant growth was seen in the IT security services market during the forecast period. Our research is expected CAGR of around 12%, 9% and 13% for security devices, security software and security services, respectively, during 2009-2013.