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Security Appliance Market Growth Slows in First Quarter, According to IDC

27/06/2013 12:57 (301 Day 08:52 minutes ago)

The FINANCIAL -- Factory revenue rose in the first quarter of 2013 (1Q13) compared to Q1 2012, while unit shipments declined over the same period, according to the International Data Corporation (IDC) Worldwide Quarterly Security Appliance Tracker.

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Worldwide factory revenue was up 3.4% year over year to $2.0 billion, as shipments decreased -6.8% to 472,306 units. The shipment decline was due in large part to Cisco, which has transitioned to new appliances with a higher price point causing revenue to remain more consistent compared to declining units. The year-over-year growth rate for factory revenue was the lowest since Q1 2010, according to IDC.


Geographically, Canada saw the highest year-over-year growth in the quarter (16.4%), followed by Japan (8.6%). Asia/Pacific (excluding Japan) continued to see steady growth (7.1%) and accounted for more than 16% of worldwide factory revenue. Western Europe also built on a strong fourth quarter and saw factory revenue rise 3.9% versus 1Q12. Asia/Pacific (excluding Japan) was the only region to see a year-over-year increase in unit shipments in the quarter (2.8%). The United States recorded a -0.2% decline in factory revenue and a unit decrease of -10.2% compared to 1Q12, according to IDC.


"The government sector seemed to impact the results somewhat in the United States," said John Grady, Research Manager, Security Products at IDC. "However, all organizations continue to prioritize security within their overall IT budget. With advanced, targeted threats a growing concern, IDC expects continued high single-digit growth in the overall security appliance segment over the course of 2013," he added.

Cisco continues to lead the overall security appliance market with a 16.6% share in factory revenue for the first quarter, but this was down from 17.8% in the prior year period. Check Point held the number 2 spot with a 12.5% share for the quarter as revenue increased 5.7% compared to the first quarter of 2012. Fortinet saw the largest revenue growth among the top five vendors at 16.6%. The combined shares of the top 5 global vendors represented 49% of the market in Q1 2013. Blue Coat, Palo Alto Networks, and Sophos were some of the vendors outside the top 5 seeing strong growth in the quarter, according to IDC.

 

 

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