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Infonetics: Network Security Revenue Records 6.4B in 2013 and Forecast to Reach 7.3B by 2018

Infonetics: Network Security Revenue Records 6.4B in 2013 and Forecast to Reach 7.3B by 2018 Infonetcis

Network Security Market Forecast, Source: Infonetics Research

The network security revenues jumped nearly 10% in the last quarter of 2013 compared to a quarter before and recorded $6.4 billion in revenues for the full year 2013 compared to a year before. Infonetics via its Network Security Appliances and Software report said that the integrated security products (integrated security appliances, secure routers, SSL VPN gateways, and VPN and firewall software) make up the majority of revenue. Infonetics forecasts the worldwide network security market to reach $7.3 billion in 2018 with a CAGR of 2.5% (2013-2018). Palo Alto Networks and Fortinet once again posted strong quarter-over-quarter and year-over-year growth in 4Q13, while Cisco, Check Point and Juniper posted better revenues in Q4 2013. 

 "Cisco completed its acquisition of Sourcefire in the fourth quarter of 2013, and in the process posted its highest security revenue quarter ever, gaining three points of market share,” says Jeff Wilson, principal analyst for security at Infonetics Research. Wilson continues: “The network security market nearly hit double-digit growth in 4Q13, and we expect growth to accelerate this year as service providers and enterprises increase security investment to improve security performance and keep up with a changing threat landscape.”

 
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Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

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