SOURCE: MarketResearch.com

MarketResearch.com

June 20, 2011 11:08 ET

Consumer Security Software Market to Grow 7.5% Annually Through 2014

ROCKVILLE, MD--(Marketwire - Jun 20, 2011) - MarketResearch.com has announced the addition of the new report "Global Security Software for Consumers Market 2010-2014" to their collection of Security & Privacy market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6417530

Analysts forecast that the Security Software for Consumers market will grow at a CAGR of 7.5 percent over the 2010-2014 period.

The report, which focuses on Americas and EMEA indicates that the market is currently driven by the growing broadband penetration which has been resulting in increased security attacks. "With increasing acceptance of broadband, the penetration is increasing at an exponential rate. The worldwide acceptance rate of broadband was as high as 50 percent in 2010. However, with increasing acceptance of broadband the security risk also increases. Since broadband is always on connection and unlike dial-up connections, the IP address is static or changes less frequently, it opens up the attack vectors. Hence, there is an increasing need to secure the system," reports an analyst. In spite of the need, widespread piracy continues to hinder the growth of this market. However, the increasing convergence of security solutions is expected to promote market growth.

The global Security Software in the Consumer market is marked by shift of demand towards developing regions. This makes the study an important one for companies to fully understand the potential in the market and formulate its own strategy. The report, Global Security Software for Consumers Market 2010-2014, is based on extensive research from inputs by industry experts, vendors and end-users. It examines the factors -- including the key trends, drivers and challenges, impacting the evolution of this market. Further, it contains an in-depth understanding of the key vendors including their SWOT analysis. Companies mentioned in this report include: Symantec Corp., McAfee Inc., Trend Micro Inc. and Kaspersky Lab ZAO.

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6417530

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