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Security appliances continue global growth streak

How many other IT product sectors can claim nine quarters of consecutive year-over-year sales growth?

Worldwide revenue for security appliances rose 6.3 percent during the second quarter, compared with the same time period in 2011, reaching slightly less than $2 billion, according to ongoing data collected and reported by International Data Corp. (IDC) If you want that expressed in unit shipments, we’re talking 6.5 percent growth to reach slightly less than 500,000 devices for the second quarter.

That IS slower than the results for the first quarter of 2012, in which revenue for the security appliance segment grew 9.7 percent while unit shipments expanded 12.9 percent compared with last year.

Strong sales for unified threat management products were a highlight during the second quarter, IDC reported. The category represented about 27.8 percent of the total security appliance market during the quarter, posting 19 percent year-over-year growth.

From a regional perspective, security appliance revenue in the United States grew a healthy 8 percent, IDC said. But the fastest-growing geography was Latin America, which reported an 18.6 percent  year-over-year increase. Sales growth in Central and Eastern Europe was only slightly behind that, reaching 18.5 percent.

The top five vendors in the market captured almost half of the total revenue. The leader, Cisco, slipped while Fortinet’s sales leapt.

Here are those companies, ranked by the percentage of total revenue claimed by each vendor in the second quarter:

  1. Cisco (17.6 percent, off 1.1 percent)
  2. Check Point (13 percent, up 15.8 percent)
  3. Juniper (7.3 percent, off 0.1 percent)
  4. Fortinet (5.9 percent, up 26.9 percent)
  5. McAfee (5.6 percent, up 12.2 percent)

Look for more channel news coverage on SearchITChannel.com and follow us on TwitterFollow Heather Clancy directly.

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