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Research and Markets: The Global Security Software Market for Small and Medium Business to Grow At A CAGR Of 13.4 Percent Over the Period 2010-2014

One of the key factors contributing to this market growth is the growing compliance requirements. The Global Security Software market for Small and Medium Business has also been witnessing increasing demand for email and web security solutions. However, the limited IT security budget allocation compared to large enterprises could pose a challenge to the growth of this market.

Key vendors Mentioned:

• Symantec Corp.
• McAfee Inc.
• Trend Micro Inc.
• Kaspersky Lab ZAO

Commenting on the report, an analyst from TechNavio's IT Security team said, One of the important trends observed in the market is the growing adoption of SaaS-based security solutions. Unlike large enterprises and government departments, which are ready to pay high amounts to get complex network level solutions, SMBs give high preference to cost-effective solutions. SaaS-based solutions operate on the pay-as-you-use model and hence are much more cost effective.

According to the report, one of the major drivers for the Global Security Software market for Small and Medium Business is increasingly strict compliance requirements. Earlier SMBs were not tightly regulated and most of the regulations were directed toward large enterprises with geographically diverse operations. However, with increasing criticality of business, the regulatory authorities are bringing the SMBs also in purview of different regulations. Coming under the scanner of the regulatory authorities means tighter internal compliance and data loss prevention measures.

Key findings from the report:

• Rapid Geographical Expansion of Small and Medium Businesses
• Limited Technological Expertise of IT Personnel
• Increasing Small and Medium Business Specific Offerings

For more information visit http://www.researchandmarkets.com/research/832830/global_security_so

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