Revenues up 5.7% in security appliance market

Friday 4 January 2013

Cloud computing

Factory revenue and unit shipments grew in the global security appliance markets during the third quarter of the year, it has been reported.

Research conducted by International Data Corporation (IDC) revealed that spending rose by 5.7 per cent year-over-year to $2.0 billion (£1.2 billion).

And at the same time, shipments increased by one percentage point to 499,022 units - weaker growth than some had anticipated.

In the previous quarter, factory revenue growth was 6.6 per cent and unit growth was 5.8 per cent compared to the second quarter of 2011.

Revenue grew fastest in the Asia/Pacific market, excluding Japan, with a 13.3 per cent increase in spending on IT security appliances.

Western Europe continued to see sluggish growth, increasing just 0.5 per cent compared to July to September 2011.

"Overall, macroeconomic conditions have been questionable at best," noted John Grady, research manager for security products at IDC.

"While the security market remains more resilient than others, there was a definite slow-down in growth rates in the third quarter."

However, he claimed the evolving threat landscape continues to drive spending on security products as organisations battle to keep their infrastructures secure and their data protected.

Posted by Alex Boardman