Security market to be bolstered by BYOD surge

Gartner claims mobility trend will help global market to surpass the $67bn mark this year

Security resellers are on track to cash in on BYOD, according to Gartner, which claimed that the trend will help spur on the worldwide security market even further this year.

At the end of last month, the analyst claimed BYOD helped drive the global security software market to grow by 7.9 per cent annually in 2012, but said 2013 will see the market as a whole rocket even further, with the growth projection set at 8.7 per cent.

At its Security and Risk Management Summit held this week, the analyst forecast that the market will be worth $67.2bn (£42.9bn) before the year is out, up from 2012's figure of $61.8bn. In just four years' time, it will be worth $86bn, it added.

The analyst claimed that the security channel will be able to unlock end-point security budgets as customers focus on securing apps and data as well as the devices on which they are accessed, adding that BYOD is a "mega-trend that will have a far-reaching influence on the entire security industry".

Ruggero Contu, Gartner's research director, outlined other areas in which suppliers can cash in on rising security budgets.

"With security being one of the top IT concern areas, the prospect of strong continued growth is assured. The consistent increases in the complexity and volume of targeted attacks, coupled with the necessity of companies to address regulatory or compliance-related issues, continue to support healthy security market growth," he said.