|By Business Wire||
|June 9, 2014 12:44 PM EDT||
According to the International Data Corporation (IDC) Worldwide Quarterly Security Appliance Tracker, the security appliance market continues to see positive momentum. In the first quarter of 2014 (1Q14), worldwide factory revenue grew 8.0% year over year to $2.1 billion. This was the 18th consecutive quarter of positive growth, dating back to the fourth quarter of 2009. First quarter shipments also grew, totaling 478,384 units, up 2.4% over the 467,143 units shipped in 1Q13.
Geographically, Latin America saw the highest year-over-year growth in the quarter at 20%. Asia/Pacific (excluding Japan) also continued to see strong appliance sales, with revenue increasing 13.6% compared to 1Q13. North America grew 12.1% in the quarter while accounting for 43% of the market, helping drive top-line growth. Western Europe was essentially flat year over year, as pockets of economic uncertainly lengthen sales cycles and inhibit growth.
"Security concerns have absolutely risen in priority, due in part to the recent breaches at Target, Nieman Marcus, and others," said John Grady, Program Manager, Security Products at IDC. "With C-level executives taking a more vested interest in their organizations' security posture, budget is being prioritized for security initiatives. This was exemplified by the fact that growth actually accelerated in the first quarter, which typically does not occur coming off the year end."
Cisco continues to lead the overall security appliance market with a 17.5% share in factory revenue for the first quarter with significant growth of 11.7% compared to the first quarter of 2013. This growth was driven in part by the acquisition of Sourcefire. Check Point again held the number two spot for the quarter as revenue increased 7.7% year over year. Fortinet remained the number 3 security appliance vendor as market share increased to 7.1% on growth of 23.7% compared to 1Q13 Palo Alto Networks surpassed Juniper to become the number 4 security appliance vendor on year-over-year growth of 66.1%. Juniper rounded out the top 5, growing 1.2% year over year and accounting for 6% of the market.
Top 5 Vendors, Worldwide Security Appliance Revenue, First Quarter of
(revenues in US$ millions)
|Palo Alto Networks||$141||6.7%||$85||4.3%||66.1%|
Source: IDC Worldwide Quarterly Security Appliance Tracker, June 9, 2014
Functional Market Results
At the functional market level, the Unified Threat Management (UTM) segment saw the largest year-over-year revenue increase at 23.5% and accounted for 42.7% of security appliance revenue in 1Q14 as multi-function appliances continue to drive growth in the overall market. The Firewall market declined -2.5% year over year, and represented 19.3% of security appliance revenue in the quarter. Content Security and the Intrusion Detection and Prevention (IDP) segment made up 16.7% and 16.6% respectively with Content Security growing at 0.2% and IDP growing at 0.1% year over year.
"Providing a high degree of reliability and advanced security in identifying and minimizing cyber crime remains a challenge to every defense system today," said Ebenezer Obeng-Nyarkoh, Senior Research Analyst, Worldwide Trackers Group "With the number and variety of cyber threats facing businesses on the rise, business owners are looking for comprehensive solutions to protect the huge volume of data on their organizational network."
IDC's Worldwide Quarterly Security Appliance Tracker is a quantitative tool for analyzing the global security market on a quarterly basis. The Tracker includes quarterly shipments and revenues (both factory and customer), segmented by vendor, security function, product family, model, region, operating system, and price band.
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community to make fact-based decisions on technology purchases and business strategy. More than 1,000 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. In 2014, IDC celebrates its 50th anniversary of providing strategic insights to help clients achieve their key business objectives. IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. You can learn more about IDC by visiting www.idc.com.
All product and company names may be trademarks or registered trademarks of their respective holders.
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