Factors driving the IT Security market are the increasing dependence on technology, increasing adoption of cloud computing and others. In 2019, the market is forecast to grow 8.7 percent to $124 billion according to Gartner. The market will continue to grow due to the dynamic nature of technology and it vulnerability for cyber attacks.
- Current revenue growth rate is less than the average of the last 3 years, indicating that the market may be flattening or declining
- Current gross profit margin is less than the average of the last 3 years gross profit margins, indicating customer pricing power
- Current EBITDA margin exceeds the average of the last 3 years EBITDA margin, a condition that may attract new entrants