IDC Names Symantec as the World's Leading Internet Security Software Provider
CUPERTINO, Calif. - July 30, 2002 - Symantec Corp. (Nasdaq: SYMC) today announced that a new IDC report names Symantec as the worldís leading security software provider based on revenue in 2001. With a 12 percent market share worldwide, Symantec topped the list of 84 other security software vendors included in the report.
"This report reflects the success of Symantecís strategy of becoming the preferred provider of integrated Internet security solutions to the enterprise buyer, while continuing to serve its 100 million consumer base," said John Schwarz, president and chief operating officer, Symantec Corp. "Symantecís growth can be attributed to its track record for defeating blended threats with highly-effective, managed security solutions for the client, server and gateway platforms."
The IDC report, titled "Worldwide Internet Security Software Market Forecast and Analysis, 2002-2006: Vendor Views," shows that Symantecís growth in 2001 outpaced that of the security software market. According to the report, Symantecís revenue jumped 22 percent year-over-year, from more than $589 million in 2000 to $718 million in 2001. The total security software market grew 18 percent to $6 billion in 2001, up from just over $5 billion in 2000, according to the report. The report also noted that continued growth in the security software market is anticipated, and that "the future of IT security will tightly integrate policies, hardware and software products to work together and provide a companyís network with overall protection." The report also predicts cyber attacks from blended threats similar to Code Red and Nimda will continue to increase in frequency.
Security software, according to IDC, includes security management, access control, authentication, virus protection, encryption, intrusion detection, vulnerability assessment, and perimeter defense. Symantec provides virus protection, firewall and virtual private network, vulnerability management, intrusion detection, Internet content and e-mail filtering, remote management technologies and managed security services.
Symantec is the world leader in providing solutions to help individuals and enterprises assure the security, availability, and integrity of their information. Headquartered in Cupertino, Calif., Symantec has operations in more than 40 countries. More information is available at www.symantec.com.
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