Major companies in the security software industry include NortonLifeLock (formerly Symantec), McAfee, and TrendMicro, all of whom recorded multi-billion-dollar revenues. Among the biggest names of the antivirus or anti-malware application market are NortonLifeLock (Symantec) and AVAST Software, which held a combined market share of 26 percent as of May 2020.
Spending on security software
Security software ranks high on a company’s security spending list. Companies are spending most of their security budget on skilled staff and on-premises infrastructure and equipment, then comes on-premises software. As the software market is migrating more and more from an on-premises model to a cloud subscription model, cloud-based security solutions also occupy an important place in an organization’s security budget. In fact, these solutions, together with authentication solutions, are seeing the most increase in the level of spending compared to other types of security spending. In the context of the COVID-19 pandemic and widespread remote work practice, it is no surprise that companies are taking identity and authentication management as well as cloud security seriously.
Security automation is the use of machine learning technologies to detect and prevent cyber threats. It allows threats to be detected faster and frees security professionals from low-level tasks and allows them to focus on more important work. As of 2020, close to half of organizations reported a medium to high level of security automation, an increase from the year before. The area with the highest automation level is security operations and event/alert processing, while the most common tools used in security automation include a variety of alert tools as well as the security information and event management (SIEM) correlation and analysis tool.
This text provides general information. Statista assumes no
liability for the information given being complete or correct.
Due to varying update cycles, statistics can display more up-to-date
data than referenced in the text.
In the following 5 chapters, you will quickly find the 28 most important statistics relating to "Security software".