The security appliances market grew 12% in the second quarter

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Palo Alto Networks outperformed average growth in global security appliance sales in the second quarter of 2021, increasing its market share to 18.9%. The UTM segment now represents 65% of the sector’s revenues.

Palo Alto Networks subtract in t

Palo Alto Networks continues to dominate the global security appliance market. According to IDC, its sales represented $ 877.4 million in revenue in the second quarter of 2021, an increase of 15.5% year-over-year. The manufacturer has thus posted an 18.9% market share, or 0.6 point more than the same period in 2020. It continues to lead Cisco, which had to be content with revenues up 5.4% to $ 749.8 million. In fact, the latter only accounts for 16.1% (-1.1%) of the total value of the security appliance market. Enough to reduce its lead over Fortinet, whose market share rose to 14.3% (+1.4 point), thanks to sales growth of 24.5%.

Palo Alto Networks and Fortinet delivered good results in a global security appliance market that grew 12.2% overall in value in the second quarter. All brands combined, this equipment sold for $ 4.65 billion between April and June. Volumes swelled 15% to 1.3 million units. According to Carlo Dávila, analyst at IDC, these good sales results “demonstrate the relevance of including security hardware in blended strategies designed to protect hybrid ecosystems within different vertical industries. “

Only sales of firewalls decline

During the second quarter, the UTM segment saw its revenue increase by 17.1% and consequently represent 65% (+3.2 points) of the total revenue of the global security appliance market. At the same time, the content management, intrusion detection and prevention (IDP), and VPN segments all saw single-digit growth. The only downside: the firewall market, which contracted slightly.

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