Radware customer base and revenues registered an uptick during 2015, the company said in tts 2015 growth report for India.
Growth in the customer base was driven by an increase in demand for application delivery controllers and application security solutions.
Radware’s India revenues in 2015 increased 24.5 percent over 2014. The company’s acquisition of new clients jumped 33 percent while its revenues from existing clients saw an uptick of 11 percent.
The company also logged a 20 percent rise in its security solutions offering and 14 percent in its Application Delivery Controller (ADC) offerings. Company’s revenues from telecom sector saw an upsurge of 54 percent.
Nikhil Taneja, Managing Director – India & SAARC atRadware said, “Rising demand from cloud and communications service providers, and prioritization of ADCs for IPv4-IPv6 address translation are the key driver of the application delivery and application security solutions market in India, as it is globally.”
“ADC market in India is expected to grow between 8 to 10 percent till 2018, and we intend to leverage upon this growth as well. We feel great about the fact that we have been able to understand the customers’ emerging requirements and serve them with the right kind of products.”
Radware has plans to expand its business units and partners in the SAARC countries.