IDC: Cisco fends off competitors to hold lead in Asia-Pacific security market
Cisco (Nasdaq: CSCO) was the top network security appliance vendor in the Asia-Pacific region, excluding Japan, in the second quarter of 2012, a position it held in the same quarter last year, according to the latest IDC stats.
Image source: IDC
Cisco had a 12 percent market share in terms of factory revenue for the second quarter, followed by CheckPoint Systems with 8 percent and Fortinet with 6 percent. Juniper Networks (NYSE: JNPR) dropped to 5 percent market share in the second quarter compared with second place in the second quarter of 2011.
"Today's enterprise faces complex, sophisticated security threats, from advanced persistent attacks to zero-day vulnerabilities, and the security products that an organization implements play a major role in the success or failure of the organization's overall security strategy," explained Shahnawas Latiff, market research analyst for Asia-Pacific software research at IDC.
Overall, the security appliance market in the Asia-Pacific region excluding Japan increased to $344.5 million in the second quarter of 2012, a 10 percent growth compared with the same quarter of 2011. At the same time, shipments increase 6.6 percent year-over-year.
The market growth was driven by the following segments: unified threat management (UTM), with a 21.4 percent year-over-year growth; firewall and VPN, with an 11.3 percent growth; and intrusion prevention systems, with a 10.6 percent growth.
IDC predicts the network security appliance market in the Asia-Pacific region will experience a 12 percent compound annual growth rate (CAGR), reaching $2.6 billion by 2016. This will be fueled primarily by growth in the UTM segment, which is expected to reach 37 percent of the total security appliance market by 2016, up from 29 percent in 2011.
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