Security appliance market revenue up 7.3% to $2.2 bn: IDC

The global security appliance market revenue grew 7.3 percent to $2.2 billion in the second quarter of 2014, IDC.

Shipments of security appliance rose 4.9 percent to 500,178 units.

Growth of security appliance in Latin America at 24.5 percent was the highest growth geographically, said IDC.

Security appliance market revenue increased 11.3 percent in Asia Pacific.

North America grew 6 percent in the quarter while accounting for 39.4 percent of market revenues.

Western Europe revenue increased 6.8 percent.

Security appliance market leader Cisco has 18.4 percent share of revenue in the second quarter with year-over-year growth of 19.7 percent.

Check Point again held the number two spot for the quarter as revenue increased 9.8 percent.

Fortinet remained the third largest security appliance vendor as its market share increased to 7.3 percent on growth of 24.6 percent.

Palo Alto Networks rose to the number four spot on growth of 57.6 percent.

Intel Security rounded out the top 5, growing 12.9 percent and accounting for 5.3 percent of the market.

Baburajan K
[email protected]

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