There’s a growing opportunity for channel partners in network-security sales – at least in the near term.
A new report from Infonetics Research shows the market up 7 percent from the second quarter to the third quarter of 2014 – now worth $1.76 billion. Year over year, the value of the network security appliance and software market is up 10 percent; Infonetics predicts even more growth in the fourth quarter. The question is: Will the momentum last? Virtualization is here to stay.
“The … market is heading into the last quarter on something of a roll, though we look for quarterly revenue growth to slow by next year. Some large data center and cloud projects are starting to wind down, and we’re beginning a transition in earnest to the world of virtualized security,” said Jeff Wilson, principal analyst for security at Infonetics Research. “That said, there will be pockets of high growth over the next five years for traditional network security appliances. Many mobile providers are making large purchases for their Gi/SGi footprints, and we’re entering an era of delivering traditional network security solutions for industrial environments and the Internet of Things.”
Integrated security – appliances, software and SSL VPN products – makes up the majority of the revenue. The bulk of that comes from appliances.
Infonetics says Palo Alto Networks showed the most growth last quarter, followed by rivals Fortinet, Cisco and Check Point.
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