Security appliance market: Cisco, Check Point gain

Security appliance market share of Cisco, Check Point, Palo Alto Networks and Fortinet has increased in Q3 2014, said IDC.

The revenue share of Cisco in the security appliance market has increased to 18.7 percent in Q3 2014 from 15.9 percent in Q3 2013, while Check Point increased to 12.7 percent from 12.4 percent, Palo Alto Networks grew to 7.6 percent from 5.3 percent and Fortinet rose to 7.3 percent from 6.4 percent.

Intel-owned McAfee posted flat growth for 5.1 percent share in the global security appliance market, said IDC. McAfee gained revenue share from Juniper Networks.

Vendor revenue grew 10 percent to nearly $2.4 billion, while shipments improved 7.3 percent to 520,752 units. The market is largely being driven by Unified Threat Management (UTM) solutions.

The security appliance market in Latin America posted 20 percent growth in Q3 2014, making it the fastest growing region with 4.9 percent of total revenue. Latin America’s unit shipments grew 7.9 percent, and accounted for 5.8 percent of total market volume.

The Europe, Middle East & Africa (EMEA) market produced 27.2 percent of total market revenue and ended the quarter with 1.8 percent revenue growth, led by Western Europe.

Worldwide Security Appliance Revenue Q3 2014

Asia Pacific (including Japan) has 23.9 percent of total market revenues and growth of 5.5 percent.

The North America region held 43.7 percent of total market revenue, fueled by growth of 6.5 percent and 15.5 percent in Canada and the United States, respectively.

“As the number of mobile users, digital applications, and data networks increase, providing a comprehensive threat management solution for identifying and minimizing cyber crime poses a challenge to every sector and has become a critical piece of infrastructure,” said Ebenezer Obeng-Nyarkoh, senior research analyst, Worldwide Trackers Group, IDC.

Palo Alto Networks was the fastest growing vendor in this space with revenue growth of 58.3 percent, making it the number 3 security appliance vendor with 7.6 percent revenue share and 17.6 percent share of UTM revenues.

Fortinet held the number four position with revenue growth of 25.1 percent. Fortinet remains the largest security appliance vendor in terms of shipments with 20 percent share of shipment volume.

For the second consecutive quarter, McAfee gained revenue share from Juniper to maintain its position among the top 5 vendors with 5.1 percent revenue share and 9.0 percent revenue growth.

Baburajan K
editor@infotechlead.com