Menu
​Security appliance market continues hot streak of growth

​Security appliance market continues hot streak of growth

Worldwide vendor revenues in the first quarter increased 5.5 percent year over year to $2.47 billion.

The total security appliance market showed positive growth in both vendor revenue and unit shipments for the first quarter of 2016 (1Q16), marking the eleventh consecutive quarter of year-over-year growth.

Worldwide vendor revenues in the first quarter increased 5.5 percent year over year to $2.47 billion, with IDC reporting that shipments grew 9.0 percent year over year to a total of 580,007 units.

According to findings, the Unified Threat Management (UTM) category has doubled in size over the last five years and continues to be the major driver for the overall market.

For the first quarter of 2016, the UTM market generated $1.25 billion in revenues for year-over-year growth of 16.9 percent, while the only other category with positive growth was Intrusion Detection and Prevention (IDP) with revenues of $372 million and 3.8 percent annual growth.

Meanwhile, the Firewall, Content Management, and Virtual Private Network (VPN) categories experienced a slow start to the year with year-over-year revenue declines of 4.2 percent, 6.7 percent and 24.2 percent, respectively.

“There has been a sharper decline than expected in many of the markets as the global economy is having an effect on the security market and shaping the growth rate to be lower than expected,” adds Elizabeth Corr, Research Analyst of Security Products, IDC.



Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags IDC

Featured

Slideshows

Malwarebytes shoots the breeze with channel, prospects

Malwarebytes shoots the breeze with channel, prospects

A Kumeu, Auckland, winery was the venue for a Malwarebytes event for partner and prospect MSPs - with some straight shooting on the side. The half-day getaway, which featured an archery competition, lunch and wine-tasting aimed at bringing Malwarebytes' local New Zealand and top and prospective MSP partners together to celebrate recent local successes, and discuss the current state of malware in New Zealand. This was also a unique opportunity for local MSPs to learn about how they can get the most out of Malwarebytes' MSP program and offering, as more Kiwi businesses are targeted by malware.

Malwarebytes shoots the breeze with channel, prospects
EDGE 2019: Channel forges new partnerships during evening networking

EDGE 2019: Channel forges new partnerships during evening networking

Partners, vendors and distributors reconnected during a number of social gatherings during EDGE 2019. The first evening saw the channel congregate for a welcome party at the Hamilton Island yacht club, while the main poolside proved to be the perfect stop for a barbecue on the final night.

EDGE 2019: Channel forges new partnerships during evening networking
Show Comments