Security software continues to thrive

IBM logoSymantec remained the number one vendor of security software in 2014, with the whole market worth $21.4 billion – up 5.3 percent from the year before.

In second place was Intel McAfee, followed by IBM, Trend Micro, EMC and other players.

But although there’s overall market growth, according to market research company Gartner, there was a decline in consumer security software.

This hit Symantec because consumer security software forms 53 percent of its total security revenues.

IBM had a particularly good year, growing its revenue by $1.5 billion, largely as a result of strong adoption of security information and event management products by large enterprises.

Gartner said this particular sector is growing strongly as enterprises realise the need for threat detection and response to protect their IT systems.