Security Appliance top $1Bn in 3Q05

Worldwide revenues from the sale of network security appliances and software reached $1 billion last quarter, according to a new study from Infonetics Research. Though this represents 1% growth over the previous quarter, network appliance and software revenues are growing at a healthy rate. Infonetics forecasts a 21% overall revenue increase over the next year, with annual revenues from network security product sales to reach $6 billion by 2008

Highlights

1. Cisco leads the overall network security appliances and software market with 35% of total revenue, Check Point is second with 10%, Juniper is third with 8%
2. VPN and firewall appliances and software make up 77% of revenue, IDS/IPS 14%, and gateway anti-virus 9%;
3. by 2008, IDS/IPS will make up 15%, gateway anti-virus 12%

“There is a lot of talk in the security market about ‘network access control,’” said Jeff Wilson, principal analyst at Infonetics Research. “NAC is really the holy grail of network security, and is no simple feat, as it will impact all types of products, from client software, to security appliances, to network infrastructure, to the back-end. NAC implementations will drive purchases of network integrated security products, SSL VPN products, and an emerging category of NAC controller appliances, all of which we will track closely with this service moving forward.”

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