Wednesday, June 01, 2005

Latest Infonetics Research

Infonetics today released their latest market research figures on the worldwide security appliance and software market which was up 5% between the last quarter of 2004 and the first quarter of 2005, and is forecast to grow 27% to $1.3 billion in the first quarter of 2006. Total annual revenue is expected to grow to $6.5 billion by 2008.

“This was a fairly quiet quarter overall, with Cisco's big jump in hardware secure router revenue clocking in as the only major event of the quarter,” said Jeff Wilson, principal analyst at Infonetics Research. “The overall network security market will grow at a 15% compound annual growth rate between 2004 and 2008.

1Q05 Market Highlights

  • Cisco is the worldwide leader in revenue market share in the overall network security appliance and software market, a position they have more or less maintained since 2002
  • Check Point is second in worldwide revenue share;
  • Juniper is close behind in third
  • Enterasys, ISS, McAfee, Nokia, Nortel, SonicWALL, and Symantec are strong second-tier players, with significant revenue market share across a number of categories
  • VPN and firewall appliances and software make up the majority of revenue (78% in 1Q05), with IDS/IPS second at 14%, and gateway antivirus third at 8%
  • North America accounts for 45% of network security appliances and software revenue, EMEA for 29%, Asia Pacific for 21%, and CALA for 5%
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