Friday, December 4, 2015

IHS: Network Security Space Remains Hot

According to a new report from IHS, the global network security market, including appliances and software, continued its strong performance in the third quarter of 2015 (3Q15), growing 7 percent year-over-year, to $2 billion.

Fortinet and Palo Alto Networks continue to post strong year-over-year growth, and Check Point, Cisco, Fortinet, Intel Security, Juniper and Palo Alto all posted sequential growth in 3Q15.

Some highlights:

  • A sell-off of some major product portfolios is underway in the network security space:
  • Trend Micro and HP announced in October 2015 that Trend is buying HP’s TippingPoint business
  • In November 2015, Intel Security announced the sale of several lines of business, including their firewall and next-generation firewall (NGFW) business, to Raytheon|Websense
  • Coming off its largest quarter ever in 2Q15, market leader Cisco saw a significant shift in revenue to intrusion prevention systems (IPS) during Q3
  • The emergence of SDN and NFV as dominant networking trends is forcing enterprises and service providers to look at future solutions that work in these environments, including virtual appliances and other software solutions.

See also