The global network security market, including appliances and software, closed 2015 on a high note, threatening double-digit growth quarter-over-quarter (+8 percent) and hitting it year-over-year (+10 percent). The market totaled $8.1 billion for the full-year 2015, according to the Network Security Appliances and Software Market Tracker from IHS Inc. (NYSE: IHS).
Fortinet and Palo Alto continue to notch spectacular year-over-year growth, and the intrusion prevention system (IPS) segment gained 7 percent in 2015 over 2014.
“Some of the most interesting news in the final quarter of 2015 was the sell-off of some major product portfolios in the network security space. Trend Micro and HP announced Trend’s purchase of the TippingPoint business from HP, and Intel Security announced the sale of several lines of business, including their firewall and next-generation firewall business to Raytheon|Websense (now Forcepoint),” said Jeff Wilson, senior research director for cybersecurity technology at IHS.
“We expect both Trend Micro and Forcepoint to invest in the solutions they’ve acquired and drive some growth,” Wilson said.
MORE NETWORK SECURITY MARKET HIGHLIGHTS
- Data center and carrier appliance and virtual security appliance revenue was $2.4 billion worldwide in 2015, and by 2020 it is forecast to grow 70 percent to $4.1 billion
- Purpose-built virtual appliances show the most growth between 2015 and 2020, up 136 percent
- The top 4 vendors in the network security space in 2015 were, in rank order, Cisco, Check Point, Palo Alto Networks and Fortinet
NETWORK SECURITY REPORT SYNOPSIS
The quarterly network security report provides worldwide and regional market size, vendor market share, forecasts through 2020, analysis, and trends for integrated security appliances, secure routers, SSL VPN gateways, VPN and firewall software, and intrusion detection and prevention products. Vendors tracked: Array Networks, CA, Check Point, Cisco, Citrix, D-Link, Dell, eSoft, F5, Fortinet, GTA, HPE, Huawei, Intel Security, ISS, Juniper, McAfee, NetASQ, Palo Alto Networks, WatchGuard, ZyXel, others.