Security appliance revenue jumps 6.8%, says IDC

Shipments increased 0.6% to 546,374 units in Q4 2013.

Tags: Check Point (www.checkpoint.com)Cisco Systems IncorporatedIDC Middle East and AfricaJuniper Networks IncorporatedSourcefire (www.sourcefire.com)
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Security appliance revenue jumps 6.8%, says IDC Cisco continued to lead the overall security appliance market with an 18.1% share, according to IDC.
By  Tom Paye Published  March 13, 2014

Security appliance factory revenue and units rose in the fourth quarter of 2013 compared to the same time last year, with revenue up 6.8% to $2.4 billion, according to the latest figures from IDC.

Shipments increased 0.6% to 546,374 units, IDC added. For the full year 2013, revenue grew 5.4% year over year to $8.6 billion, despite shipments decreasing for the first time since 2009. Full-year shipments fell by 2.1% to 2 million units, the research house said.

Geographically, the Asia/Pacific region (excluding Japan) saw the highest year-over-year factory revenue growth in the quarter (14.9%), followed by Canada, which grew at 11.9%. Central and Eastern Europe saw the largest decline in Q4 2013, with revenue falling by 4.9% compared to the same time last year. The United States finished the year with growth of 7.7% in the quarter.

"With high-profile security incidents, such as the Target breach, becoming more common, organisations are continuing to prioritise security spending," said John Grady, programme manager of security products at IDC.

"The fourth quarter was definitely a strong finish to the year, with revenue increasing 10% sequentially, and nearly 7% compared to last year's fourth quarter."

Cisco continued to lead the overall security appliance market with an 18.1% share in factory revenue during Q4 2013, IDC said. The vendor showed year-on-year growth of 23.6%, due in large part to its acquisition of Sourcefire, which closed in early October, the research house added.

Check Point held the number-two spot with a 12.7% share for the quarter, while Fortinet remained the third-largest security appliance vendor, with a 6.6% share in the quarter. Juniper Networks continued to build sequential momentum, IDC said, but it declined by 6.4% compared to the prior year. Palo Alto Networks held the fifth spot among security appliance vendors with a share of 5.4%.

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