Smartphone market worth $355 billion, with 6 billion devices in circulation by 2020 (18 January 2017 12:34)
Smartphone market worth $355 billion, with 6 billion devices in circulation by 2020 (18 January 2017 11:34)
Gartner: IT Spending to Grow 2.7% in 2017 (16 January 2017 15:34)
Date: 15 December 2015 10:39
According to the International Data Corporation (IDC ) Worldwide Quarterly Security Appliance Tracker , the total security appliance market showed positive growth in both vendor revenue and unit shipments for the third quarter of 2015 (3Q15).
Worldwide vendor revenues increased 9.6% year over year to $2.7 billion, and shipments grew 9.7% year over year to a total of 585,282 units. The sub-market with the strongest year-over-year growth was Unified Threat Management (UTM) with a 17.8% increase in revenues. The Firewall, Intrusion Detection and Prevention, and Content Management sub-markets also continued on a growth trajectory with 6.7%, 6.6% and 1.3% year-over-year growth respectively. The Virtual Private Network (VPN) sub-market was the only one showing a year-over-year decline (-16.3%).
The U.S. market continued to represent around 40% of the total revenue of the security appliance market globally and finished the quarter with 11.6%year-over-year revenue growth.
Asia/Pacific (excluding Japan)(APeJ) was the second largest regional market with nearly 22% of total revenues and solid revenue growth of 11.9% year over year in 3Q15. China and Australia combined to capture 70% of the APeJ revenue in the quarter and are the two countries with the strongest annual growth in the region at 19.6% and 34.1% respectively.
Europe, the Middle East, and Africa (EMEA) accounted for a little more than 26% of worldwide vendor revenue and started to show signs of recovery with year-over-year revenue growth of 6.3% in 3Q15. The strongest driver in this region for 3Q15 was the Middle East and Africa with an 18.3% increase in vendor revenue year over year.
"Security products remain a growing industry as threats continue to plague companies. Over the past year the threat landscape has increased, leading to growth globally as no country is free from attacks," said Elizabeth Corr , Research Analyst, Security Products at IDC. "This growth is reflected in the top 5 vendors growing a combined 9.4% year over year."