Steady Growth Projected for Global Security Market

By Karen A. Frenkel  |  Posted 12-18-2013 Email

Increasing complexity in enterprise information systems is driving the growth of the global security and vulnerability management market (GSVM), according to London-based research firm TechNavio. The TechNavio report says open source software solutions are a serious challenge because they enable customers to detect and fix security and vulnerability issues themselves, without the cost of having to purchase the software. Despite such challenges, the GSVM market has an "immense potential to grow rapidly" because other trends, like mobile devices in the workplace are negating the effects of the challenges, says TechNavio. Also aiding GSVM's rise is the use of mobile devices for payments and online banking because their usage will increase the need for a secure way to verify the identities of those authorizing transactions. The report covers the Americas; Europe; the Middle East and Africa; and Asia and Pacific regions; key vendors; and answers questions about future market size, the GSVM growth rate, and key market trends. Twenty CEOs and managing directors provided in-depth interviews for the report. For the full report, "Global Security and Vulnerability Management Market 2012-2016," click here

Karen A. Frenkel writes about technology and innovation and lives in New York City.


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