IDC tracker finds Fortinet on top

By : |March 31, 2006 0

BANGALORE: Market research firm IDC has confirmed that the multi-threat security solutions provider, Fortinet is the largest private security appliance vendor among tracked companies and is the leader in several key categories of the unified threat management market, according to Fortinet.

Data in IDC’s Q4 2005 Worldwide Quarterly Security Appliance Tracker said that Fortinet is the world’s largest private vendor in the security appliance market across all categories that IDC measures in the security appliance market–UTM, IDP/IPS and VPN/firewall.

Fortinet said in a statement that IDC has confirmed it as the fastest growing vendor in the high-end UTM market for 2005 ($50,000 and $99,900 price band segment), growing factory revenue as well as device shipments by more than two times when compared to 2004.

Fortinet led the mid-range UTM appliance segment (from $6,000 to $9,900 price band) for all of 2005.

In the regional results, Fortinet led the entire UTM market in Western Europe and Asia Pacific (including Japan) for 2005, based on strong revenues and success in all market segments.

“Fortinet, as the first provider of this integrated functionality, is seeing rapid growth in the mid- and high-end markets,” said Ken Xie, founder and CEO of Fortinet. “Our business is being driven by enormous demand from enterprises of all sizes, service providers, and carriers that are increasingly recognizing that no other vendor can offer the security, performance and cost advantages that Fortinet provides.”

© CyberMedia News

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