Rise in Tech Threats Spawns Growth for Region's IT Security Vendors

20 Jan 2014

Worcester Business Journal, By Michael Novinson

The rise of targeted attacks on information systems has created growth opportunities for security software companies in Central Massachusetts, according to industry experts.

Globally, revenue for security software vendors has grown 10.5 percent over the past two years, from $8.57 billion in the first half of 2011 to $9.47 billion in the first half of last year, according to technology research firm IDC of Framingham.

A good chunk of that growth has been concentrated in Massachusetts, with revenue for eight of the Bay State's largest security software companies — including Hopkinton-based EMC and Courion Corp. of Westborough — growing 15.5 percent over the same period from $1.3 billion to $1.5 billion, IDC found. Read more.