Security app market growth slows in Q1

Share on facebook
Share on twitter
Share on linkedin
Share on email

[/caption] The shipment decline was due in large part to Cisco, which has transitioned to new appliances with a higher price point causing revenue to remain more consistent compared to declining units. The year-over-year growth rate for factory revenue was the lowest since Q1 2010. Geographically, Canada saw the highest year-over-year growth in the quarter (16.4 percent), followed by Japan (8.6 percent). Asia-Pacific (excluding Japan) continued to see steady growth (7.1 percent) and accounted for more than 16 percent of worldwide factory revenue. Western Europe also built on a strong fourth quarter and saw factory revenue rise 3.9 percent versus 1Q12. Asia-Pacific (excluding Japan) was the only region to see a year-over-year increase in unit shipments in the quarter (2.8 percent). The United States recorded a -0.2 percent decline in factory revenue and a unit decrease of -10.2 percent compared to 1Q12. “The government sector seemed to impact the results somewhat in the United States,” said John Grady, research manager for security products at IDC. “However, all organizations continue to prioritize security within their overall IT budget. With advanced, targeted threats a growing concern, IDC expects continued high single-digit growth in the overall security appliance segment over the course of 2013.” Cisco continues to lead the overall security appliance market with a 16.6 percent share in factory revenue for the first quarter, but this was down from 17.8 percent in the prior year period. Check Point held the number 2 spot with a 12.5-percent share for the quarter as revenue increased 5.7 percent compared to the first quarter of 2012. Fortinet saw the largest revenue growth among the top five vendors at 16.6 percent. The combined shares of the top 5 global vendors represented 49 percent of the market in Q1 2013. Blue Coat, Palo Alto Networks, and Sophos were some of the vendors outside the top 5 seeing strong growth in the quarter. ]]>

Facebook Comments

Latest Posts