The FINANCIAL — IBM Security on June 9 announced it is the fastest growing vendor in the worldwide security software market, based on 2014 revenue according to a report by Gartner, Inc.
“We feel our growth is based on IBM’s focus on delivering the intelligence-driven innovation and insights clients need to fight today’s sophisticated cybercriminals, and believe it is no coincidence that we are growing the fastest of the big brands in this study. We see the investments we’ve made in our portfolio and people clearly paying dividends for our clients as they navigate the evolving cybersecurity environment,” said Brendan Hannigan, General Manager, IBM Security.
The study found that the worldwide security software market revenue grew to $21.4 billion in 2014, a 5.3 percent increase from 2013’s revenue of $20.3 billion. High-growth areas that contributed to this increase in value include technologies such as security information and event management (SIEM). The SIEM market grew 11% in 2014 to touch $1.6 billion in revenue, according to IBM.
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