Palo Alto Networks gained the most in the network security appliance and software market in Q3 2014, followed by Fortinet, Cisco and Check Point, said Infonetics Research.
Infonetics Research said Cisco’s share in the network security market reached 34 percent during the third quarter of 2014. The research report did share market share details of other security vendors and their growth.
The global network security appliance and software market grew 7 percent in Q3 2014 over Q2 2014 and 10 percent on year-over-year basis to $1.76 billion.
Integrated security including appliances, software, and SSL VPN products makes up the majority of network security revenue, with the bulk coming from appliances.
Indications are that the fourth quarter of 2014 will also see solid growth.
“Some large data center and cloud projects are starting to wind down, and we’re beginning a transition in earnest to the world of virtualized security,” said Jeff Wilson, principal analyst for security at Infonetics Research.
The IT analysis report said there will be pockets of high growth over the next 5 years for traditional network security appliances. Many mobile providers are making large purchases for their Gi/SGi footprints, and the IT industry is entering an era of delivering traditional network security solutions for industrial environments and the Internet of Things (IoT).