Blue Coat is leading the global content security gateways market with 23 percent share in Q3 2014 against Cisco at 20 percent and McAfee at 13 percent, said Infonetics Research.
Blue Coat drove the bulk of content security market revenue growth in Q3 2014, posting a 9 percent sequential revenue gain.
The content security gateway appliance and software revenue grew 1.6 percent from the previous quarter to $706 million and rose 4.6 percent from a year ago.
Meanwhile, SaaS content security gateway solution revenue grew 11 percent from the previous quarter and increased 38 percent from a year ago.
64 percent of Q3 2014 content security gateway revenue came from appliances and 36 percent was from software.
Jeff Wilson, principal analyst for security at Infonetics Research said: “Though the product market for content security gateways is looking fairly flat for the next couple of years, the SaaS (software-as-a-service) business is showing strong growth.”
Global SaaS revenue will more than double from 2013 to 2018, from just over $600 million to nearly $1.4 billion in 2018.
A key trend in SaaS is the deployment of mixed environments encompassing both product and SaaS. In some cases, companies seek a true hybrid solution with integrated management. And in others, hybrid environments grow organically.