Date: 07/12/2011

Global network security appliance and software market grew 6.4% in 3Q11 to reach $1.46B

Market research firm Infonetics Research has reported the global network security appliance and software market grew 6.4% in 3Q11 over 2Q11 to $1.46 billion.

The other finding shared by Infonetics include:
Market leader Cisco increased its network security appliance and software revenue 4.5% in 3Q11, easily maintaining its #1 position with close to 1/3 of global revenue
Juniper's network security appliance and software revenue jumped 22% in 3Q11 moving them back into 2nd place ahead of Check Point
Helping to drive the market: smartphones, iPads, netbooks, and other mobile devices connected to the Internet 24/7, forcing companies to re-assess how their infrastructure is protected from malware

Vendors tracked by Infonetics include: Alcatel-Lucent, Array, Check Point, Cisco, Citrix, CA, D-Link, Enterasys, F5, Fortinet, ISS, Juniper, McAfee, Netgear, Palo Alto Networks, SonicWALL, Sourcefire, Symantec, TippingPoint, WatchGuard, ZyXEL, and others.

"We expect all major network security appliance and software vendors to post growth in the fourth quarter of 2011, with most of them increasing their network security revenue 6% to 12% over the third quarter," anticipates Jeff Wilson, principal analyst for security at Infonetics Research.