Wednesday, May 29, 2024

Network security market rebounds as top vendors grow in double digits

The worldwide network security market rebounded in the second quarter of 2015 from the seasonally-down first quarter to post quarter-over-quarter (+9 percent) and year-over-year (+13 percent) growth, according to research firm IHS.

network security

?The first half of 2015 is off to a fantastic start for network security, with the top four vendors ? Cisco, Check Point, Fortinet, and Palo Alto Networks ? posting double-digit growth in 2Q14 from the year-ago second quarter,? said Jeff Wilson, research director for cybersecurity technology at IHS.

?Network security vendors are using multiple strategies to embed themselves deeper into customers? infrastructure, from pre-integrating complex security solutions, to innovating virtualized solutions for the cloud and adding new advanced threat prevention and cloud access security broker technology to their broader security platforms,?
Wilson said.

Network security market highlights:

? Globally, network security appliance and software revenue totaled $2 billion in 2Q15

? Revenue for data center and carrier appliances ($30,000 and up) and virtual security appliances is forecast by IHS to grow 42 percent from 2015 to 2019

? Purpose-built virtual appliances show the most growth between 2015 and 2019


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