Enterprise IT vendor Cisco has gained three percent share in network security appliance and software market in the fourth quarter of 2013, said Infonetics.
Cisco increased the market share thanks to its acquisition of Sourcefire in the fourth quarter of 2013, Infonetics Research.
Looking at the top 3 vendors’ quarter-over-quarter (Q4 2013 vs Q3 2013) performance, Cisco increased overall revenue 20 percent; Check Point had a typically strong 4th quarter, and Juniper posted its second consecutive quarter of growth.
Palo Alto Networks and Fortinet once again posted strong quarter-over-quarter and year-over-year growth in Q4 2013, and are well positioned to continue gaining share.
Infonetics forecasts the worldwide network security market to reach $7.3 billion in 2018, a 2013-2018 CAGR of 2.5 percent.
The global network security appliance and software market grew 9.8 percent from Q3 2013 to Q4 2013, to $1.8 billion
For the full year 2013, network security revenue totaled $6.4 billion, a 2.6 percent increase over 2012.
Integrated security products (integrated security appliances, secure routers, SSL VPN gateways, and VPN and firewall software) make up the majority of revenue, said Infonetics in its report called 4th quarter 2013 (Q4 2013) and year-end Network Security Appliances and Software report, which tracks integrated security appliances, secure routers, SSL VPN gateways, VPN and firewall software, and IDS/IPS products.
Jeff Wilson, principal analyst for security at Infonetics Research, said: “The network security market nearly hit double-digit growth in Q4 2013, and we expect growth to accelerate this year as service providers and enterprises increase security investment to improve security performance and keep up with a changing threat landscape.”