Chemical Safety Incidents
Security Device Market Growing: Report
Tuesday, March 14, 2017 @ 07:03 AM gHale
There are signs that security awareness is starting to trickle over to actually doing something about the issue.
One of those signs is actually folks buying equipment. Along those lines, the security appliance market showed growth in vendor revenue and unit shipments for the fourth quarter of 2016, according to a report from IDC.
Worldwide vendor revenues in the fourth quarter increased 9.2 percent year over year to $3.2 billion, and units showed an all-time record high in shipments for a single quarter with 764,974 units and 21.4 percent annual growth.
For the full year 2016, worldwide security appliance revenue increased 8.9 percent to $11.5 billion compared to 2015, while worldwide unit shipments increased 17 percent for a little over 2.7 million units shipped in 2016.
The trend for growth in the worldwide market driven by the unified threat management (UTM) sub-market continues, with UTM almost tripling its size over the last five years and reaching record-high revenues of $5.6 billion for 2016 and year-over-year growth of 16.7 percent, the highest growth among all sub-markets. The UTM market represents today almost 50 percent of the worldwide revenues in the security appliance market.
“Over the last quarter, there has been growth in every region with particularly strong growth in Asia/Pacific. firewall and UTM continue to be the strongest areas of growth,” said Elizabeth Corr, research analyst, Security Products at IDC.
The firewall and content management sub-markets also had positive year-over-year revenue growth in 2016 with gains of 10.4 percent and 0.8 percent, respectively. The intrusion detection and prevention and VPN sub-markets experienced weakening revenues in 2016 with year-over-year declines of 4.6 percent and 4.3 percent, respectively.
The more mature regions of the world – the United States and EMEA – combined to provide just about 65 percent of the total security appliance market revenue globally. Both regions had growth in the single-digit range, Europe, the Middle East and Africa (EMEA) showed an annual increase of 6.8 percent, while U.S. annual growth was 5.1 percent compared to 2015.