Network security market grew 10% in 2015, says IHS
The network security market grew by 10 percent during 2015, according to IHS's "Network Security Appliances and Software Market Tracker."
In terms of revenue, the network security market had a good year, and as noted in a Channelnomics article, Cisco took the top spot in the market, followed by competitors Check Point Software Technologies, Palo Alto Networks and Fortinet.
The competitive landscape is changing, though. As noted by Jeff Wilson, senior research director for cybersecurity technology at IHS, Trend Micro (through the acquisition of TippingPoint from HP) and Forcepoint (through firewall technology acquisitions from Intel Security) may very well be on the rise and drive growth through 2016.
To date, the network security appliances and software market is valued at $8.1 billion.
"Some of the most interesting news in the final quarter of 2015 was the sell-off of some major product portfolios in the network security space," Wilson noted in a statement. "Trend Micro and HP announced Trend's purchase of the TippingPoint business from HP, and Intel Security announced the sale of several lines of business, including their firewall and next-generation firewall business to Raytheon/Websense (now Forcepoint)."
Also of interest is the growth of purpose-built virtual appliances. According to the report, it is showing the most growth out of the tracked product areas and is expected to grow up to 136 percent between 2015 and 2020.