Media alert: Rising cyber-security threats fuel 9% growth in global security market in Q3 2017

The worldwide IT security market maintained momentum in Q3 2017, growing 9% to reach US$8.0 billion, according to the latest Canalys estimates. “High-profile ransomware attacks and increasingly sophisticated phishing techniques have proved the need for businesses to reinforce their IT security to safeguard data assets and ensure continuity of operation,” said Claudio Stahnke, Research Analyst at Canalys.

Content security was the fastest-growing segment, with investment up 13% year on year. Network security grew 8%, while security management increased 5%.

The top five security vendors accounted for 34% of total spend, with Cisco accounting for the most, at 9%. “Cisco grew 7% year on year, thanks to its strong channel partner focus and a broad product portfolio boosted by acquisitions,” said Stahnke. It was followed by Symantec, Check Point, IBM and McAfee, which all grew year on year. Under new leadership, Symantec maintained strong growth, up 22% following the integration of Blue Coat and LifeLock.

“In 2018, as hackers intensify the use of AI, attacks will become more sophisticated. This will increase demand for comprehensive security solutions, favoring those vendors with broad product portfolios,” said Stahnke.

IT security quarterly estimates, and market share and channel information are taken from Canalys’ Security Analysis service.

For more information, please contact:

Canalys EMEA: +44 118 984 0520
Claudio Stahnke: claudio_stahnke@canalys.com +44 7881 934 784
Matthew Ball: matthew_ball@canalys.com +44 7887 950 505

Canalys APAC (Shanghai): +86 21 2225 2888
Daniel Liu: daniel_liu@canalys.com +86 158 0075 6471

Canalys APAC (Singapore): +65 6671 9399
Jordan De Leon: jordan_mari_deleon@canalys.com +65 9712 7835

Canalys Americas: +1 650 681 4488
Alex Smith: alex_smith@canalys.com +1 650 799 4483
Ketaki Borade: ketaki_borade@canalys.com +1 650 387 5389

About Canalys

Canalys is an independent analyst company that strives to guide clients on the future of the technology industry and to think beyond the business models of the past. We deliver smart market insights to IT, channel and service provider professionals around the world. We stake our reputation on the quality of our data, our innovative use of technology and our high level of customer service.

Receiving updates

To receive media alerts directly, or for more information about our events, services or custom research and consulting capabilities, please complete the contact form on our web site.

Alternatively, you can email press@canalys.com or call +1 650 681 4488 (Palo Alto, California, USA), +65 6671 9399 (Singapore), +86 21 2225 2888 (Shanghai, China) or +44 118 984 0520 (Reading, UK).