September 2, 2003 -- (WEB HOST INDUSTRY REVIEW) -- The worldwide antivirus market will grow significantly over the next five years as awareness fuels spending, according to research from IDC (idc.com).
According to the research firm, antivirus software sales worldwide achieved $2.2 billion in revenues in 2002, representing an increase of 31% over 2001.
The company expects this growth to continue over the next five years, reaching $4.4 billion in 2007.
"The recent onslaught of viruses and worms such as Blaster, Nachi, and Sobig highlight the need for antivirus products and, more importantly, the need to update services," said Brian Burke, research manager for IDC's security products service. "While corporate customers have long realized that antivirus software is only as good as its last update, consumers and small business customers are realizing the necessity of subscription-based updates."
IDC also said both corporate and consumer spending on antivirus software rose in 2002, with consumer spending surpassing corporate spending by about 8.5%. The company said an increase in consumer awareness and subscription renewals were fueling this growth.
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