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