Security appliance vendors: global market share 2012-2019, by quarter

According to latest data, in the fourth quarter of 2019, Cisco's market share in the security appliance market stood at 15.8 percent, whilst Palo Alto Networks occupied 13.4 percent of the market. Both companies saw a fall to their market share between the second and fourth quarter of 2019.

IT Security

Information security refers to the practice of managing access to information. By 2023, the information security technology market is estimated to be worth 151.2 billion U.S. dollars worldwide. Analysts have suggested that security trends are being shaped by new markets, such as big data or the internet of things (IoT). One impact of this has been the shift towards managed security services, resulting in increased revenues of nearly five billion U.S. dollars from security appliances at the end of 2019.

Enterprise Security

Enterprise information security is a complex undertaking, covering computers, servers, routers, and other electronic systems, all of which relies on software, hardware, and information management policies to secure corporate data. Revenue for the corporate web security market worldwide is projected to rise to about five billion U.S. dollars by 2021, whilst endpoint security sales are also expected to increase to over nine billion U.S. dollars by the same year.

Global market share held by security appliance vendors from 2012 to 2019, by quarter

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Source

Release date

March 2020

Region

Worldwide

Survey time period

2012 to 2019

Supplementary notes

The source doesn't publish data for every quarter

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Statistics on "IT security"

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