Report: Standalone security market fades amid growing demand for integrated security
Infonetics Research has released its 2nd quarter (2Q13) Network Security Appliances and Software market share and forecast report. “There’s never been a time when the world was more tuned-in to broad privacy and security issues, and with the recent revelations about the NSA's PRISM surveillance program, consumers and businesses around the globe are re-evaluating their security posture, preferred vendors, and deployment strategies,” notes Jeff Wilson, principal analyst for security at Infonetics Research.
According to the study, worldwide network security appliance and software revenue totaled $1.6 billion in 2Q13, an increase of 4% sequentially. Integrated security appliances have reportedly gained share every quarter since 4Q11, and Infonetics is forecasting quarterly share gains through 2Q14. In terms of market share, Cisco, Check Point, Fortinet, HP, and Palo Alto Networks all posted strong revenue results in the network security market in 2Q13. Meanwhile, Juniper’s revenue declined for the 4th straight quarter; however, Infonetics believes that 2Q13 will be Juniper’s bottom quarter.
“While it’s too early to say if the NSA debacle will have an impact on security spending, one trend in the security sector is clear: buyers are looking to consolidate security platforms wherever they can," continues Infonetics' Wilson. "The resulting contraction in standalone security products is directly attributed to 2 things: customers moving to integrated product solutions that support the functions of the original standalone products with adequate performance and security, and customers transitioning away from product-centric security rollouts to hosted/SaaS solutions.”
Learn more about the report.
Related: Electronic security systems market experiencing worldwide growth
