Network security market grew 13 percent in Q2: IHS

Network Security Market Q2 2015
The network security market grew 13 percent year over year and 9 percent quarter over quarter in Q2 2015, according to the IHS Infonetics Network Security Appliances and Software report from IHS.

The growth in network security revenue of Cisco was 10 percent, Check Point 11 percent, Fortinet 31 percent and Palo Alto Networks 56 percent in Q2 2015.

“The first half of 2015 is off to a fantastic start for network security, with the four vendors — Cisco, Check Point, Fortinet and Palo Alto Networks — posting double-digit growth in Q2 2015 from the year-ago second quarter,” said Jeff Wilson, research director for cybersecurity technology at IHS.

Network security vendors are using multiple strategies to embed themselves deeper into customers’ infrastructure, from pre-integrating complex security solutions, to innovating virtualized solutions for the cloud and adding advanced threat prevention and cloud access security broker technology to their broader security platforms.

Network security appliance and software revenue totaled $2 billion in Q2 2015.

Revenue for data center and carrier appliances ($30,000 and up) and virtual security appliances is forecast by IHS to grow 42 percent from 2015 to 2019.

Purpose-built virtual appliances show the most growth between 2015 and 2019.
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