Trends Report

Market Momentum: IT Security Product Market, H1 2008

February 2nd, 2009
With contributors:
Thomas Mendel, Ph.D. , Miroslaw Lisserman

Summary

The IT security software market is poised for growth and transformation. Despite the economic climate, security is taking a larger slice of the overall IT budget as businesses recognize that the damage to brand reputation and customer issues arising from data breaches and service outages will have an even greater impact during a downturn. Forrester examined a set of 20 representative IT security vendors and tracked 256 different activities in the IT security software market across four core categories of mergers and acquisitions (M&A), partnerships, new product announcements, and changes in strategy or delivery. Our analysis shows that vendors are moving their portfolios into functional alignment with customer needs through development and innovations, but they lag in their global delivery capabilities and the development of security software-as-a-service (security SaaS).

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