PRESS RELEASE
REDWOOD CITY, Calif., Sept. 11, 2024 /PRNewswire/ — In response to a not too long ago printed report from Dell’Oro Group, the trusted supply for market details about the telecommunications, safety, networks, and information heart industries, the Community Safety market confirmed indicators of restoration in 2Q 2024, rising 6 % year-over-year (Y/Y) to achieve $5.9 billion and breaking a streak of six consecutive quarters of deceleration. This progress was primarily pushed by strong demand for cloud-native safety options and digital firewalls, which noticed a 17 % improve. In distinction, hardware-based options skilled their fourth consecutive quarter of decline, dropping 2 %.
“The Community Safety market’s efficiency in 2Q 2024 reaffirms the enduring shift in direction of cloud-centric architectures,” stated Mauricio Sanchez, Sr. Director, Enterprise Safety and Networking at Dell’Oro Group. “The firewall phase serves as a microcosm of this transformation. Whereas general firewall income grew modestly at 2 %, digital firewalls surged by 22 % as bodily firewall gross sales struggled. This stark distinction in progress charges inside a single product class underscores how enterprises persistently favor versatile, cloud-native safety options to deal with their evolving wants.”
Extra highlights from the 2Q 2024 Community Safety Quarterly Report:
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The Infrastructure Safety market, comprising firewalls, Safety Service Edge (SSE), and conventional Safe Net Gateway (SWG) home equipment, achieved almost $5 billion, marking a mid-single-digit progress.
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The Utility Safety and Supply market, together with Utility Supply Controllers (ADC) and Net Utility Firewall (WAF) segments, skilled excessive single-digit progress, reaching $1.2 billion, primarily pushed by sturdy WAF gross sales that offset the weak spot of ADCs.
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SSE income elevated to just about $1.5 billion, with the highest three distributors – Zscaler, Palo Alto Networks, and Broadcom – controlling nearly 60 % of the market.
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WAF income rose 18 %, pushed by a 25 % progress in SaaS-based WAF options.
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Excessive-end bodily firewalls confirmed indicators of stabilization with a slight 1 % income progress, doubtlessly indicating a turning level after a number of quarters of decline.
In regards to the Report
The Dell’Oro Group Community Safety Report consists of producers’ income overlaying the ADC, Firewall, SSE, conventional SWG home equipment, and WAF product segments. Furthermore, SSEs are additional damaged down throughout 4 major capabilities: CASB, FWaaS, SWG, and ZTNA. The report additionally splits many segments by type issue: bodily, digital, and SaaS. To buy this report, please contact us at [email protected].
About Dell’Oro Group
Dell’Oro Group is a market analysis agency that focuses on strategic aggressive evaluation within the telecommunications, safety, enterprise networks, and information heart markets. Our agency gives in-depth quantitative information and qualitative evaluation to facilitate important, fact-based enterprise choices. For extra info, contact Dell’Oro Group at +1.650.622.9400 or go to https://www.delloro.com.