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January 2019
IT Security
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.
Industry Trends:
- 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
