Despite the growing activities of insurgents in the sub-Sahara Africa investment in security appliance remains flat as statistics from the International Data Corporation’s (IDC) Europe, Middle East, and Africa Quarterly Security Appliance Tracker, revealed that the security appliance market reached $837.65 million in the second quarter 2015.
The statistical report from IDC showed that security appliance market witnessed a 0.2 per cent yearly decline while shipments increased 4.0 percent yearly to 183,885 units.
The report how states that over the next five years the security appliance market is expected to accelerate at a CAGR of 6.3 per cent and reach $4.59 billion (1,018,373 units) by the end of 2019.
Highlights of the market performance shoed that unified threat management (UTM) appliances were the only product category that increased in value during the period under review, expanding 12.9 per cent yearly.
As a result, the IDC said that their value share reached 53.9 per cent of the total adding that over the next five years, UTM is expected to remain the largest product category, representing about 62 per cent by 2019.
Check Point secured the top position in the second quarter in the overall security appliance vendor market with 19.2 per cent value share just Cisco’s market share has increased for the past three quarters and represented 16.8 per cent value market share while Fortinet took the third spot with 11.1 per cent of the market but with a very strong second quarter (40.6 per cent annual growth in value).
The statistics showed that Western European market showed moderate growth in security appliances, with $646.79 million in value in second quarter, representing 2.4 per cent growth over the same quarter in 2014 with the main market driver of the security appliance market in Europe remaining UTM solutions, which represented over half of the value (56.5 per cent) in second quarter, with associated 16.9 per cent growth.
Commenting on the report, Manager, Security Appliance Research, IDC, Romain Fouchereau said that “The European appliance market is driven by the U.K. and Germany the two largest economies, which represented over 45 per cent of the total Western European market last quarter.”
He said, “Unified threat management appliances continue to be the main market driver in Western Europe, and although IDC sees organisations’ interest in IDP products, they often prefer to have it deployed through UTM/NGFW rather than a standalone product.”
Your email address will not be published. Required fields are marked *
Enter your email address:
Delivered by FeedBurner
2015 National Mirror. Powered By Zero-One