Worldwide security appliance revenue grew 5.7% in Q3 of 2012: IDC


by CBR Staff Writer| 02 January 2013

Revenue rose 13.3% in Asia/Pacific and the US reported 4.6% revenue growth

Worldwide security appliance factory revenue increased 5.7% to more than $2bn in the third quarter of 2012, as shipments rose 1% to 499,022 units, according to a new report from IDC.

Revenue rose 13.3% in Asia/Pacific (excluding Japan) while Western Europe's revenue increased 0.5%.

The report claims that Japan had the highest year over year unit growth of 8.3%, followed closely by combined Central and Eastern Europe and Middle East and Africa at 7.9%.

The US reported 4.6% revenue growth on a unit decrease of 1.2% compared to Q3 of 2011, the report revealed.

Revenue growth in the US indicated some softness in lower price bands and was driven by larger enterprises as well as service providers, said IDC.

IDC research manager of security products John Grady said: "Overall, macroeconomic conditions have been questionable at best. While the security market remains more resilient than others, there was a definite slow-down in growth rates in the third quarter."

"That being said, the evolving threat landscape continues to drive spending on security products as organizations battle to keep their infrastructures secure and their data protected," Grady said.

Fortinet had the largest growth at 17.2% share in factory revenue for the Q3 and Cisco had 16.2% share. Check Point had 12.8% share for the quarter while Juniper and McAfee had 7.9% and 5.7% share respectively.

IDC's report found that the Unified Threat Management (UTM) segment had the largest year-over-year revenue growth at 24.3% and accounted for 33.3% of security appliance revenues in Q3 of 2012.

The Firewall/VPN market represented 26.7% of security appliance revenues with 7.3% year-over-year growth primarily due to Cisco and Juniper.

According to the report, the IPS and VPN segments were the only markets to show revenue declines compared to Q3 of 2011.

Post a comment

Comments may be moderated for spam, obscenities or defamation.

Join our network

756 people like this.
0 people follow this.

Security Intelligence

Privcy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.