Who said it is the death of appliances? It’s not so for security appliances, according to market research, analysis, and advisory firm, IDC Australia.
The company recently revealed the latest findings from its quarterly security appliance tracker, which found that the Australian security appliances market is at its best, with a 15.4 per cent Compound Annual Growth (CAGR) forecast over the next five years.
IDC's Australia quarterly security appliance tracker uses proprietary tools and research processes to provide insight into customer trends by delivering geography-specific product line and vendor market share information.
It found that the 2014 value for the Australian security appliance market reached US$191 million, and is expected to accelerate to US$390.5 million by the end of 2019.
IDC software and security market analyst, Lydie Virollet, said Australia sees strong adoption of security appliances although many expect the global security appliance market to shrink over the coming few years.
“Technology buyers are either complementing their existing installation, or purchasing a “start off kit” to comply with the legal security requirements [in Australia],” Virollet mentioned.
But, she added, the company does see some changes occurring in the security appliances space. According to Virollet, the market is now dividing into two – vendors who provide a complete security suite thanks to in-house capabilities or investments, and those who partner to provide their customers with a suite of products.
The quarterly security appliance tracker also found that Cisco secured the top position in 2014 on the overall security appliance vendor market with a 21 per cent value share. Check Point and Blue Coat followed suit, ending the year with a 13 per cent and 12 per cent market share respectively.