PRESS RELEASE
REDWOOD CITY, Calif., Sept. 11, 2024 /PRNewswire/ — Based on a not too long ago revealed 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 % enhance. 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,” mentioned Mauricio Sanchez, Sr. Director, Enterprise Safety and Networking at Dell’Oro Group. “The firewall section serves as a microcosm of this transformation. Whereas total 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 handle 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 Software Safety and Supply market, together with Software Supply Controllers (ADC) and Net Software 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 almost $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, probably indicating a turning level after a number of quarters of decline.
Concerning the Report
The Dell’Oro Group Community Safety Report contains producers’ income overlaying the ADC, Firewall, SSE, conventional SWG home equipment, and WAF product segments. Furthermore, SSEs are additional damaged down throughout 4 main features: CASB, FWaaS, SWG, and ZTNA. The report additionally splits many segments by kind 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 supplies in-depth quantitative information and qualitative evaluation to facilitate vital, fact-based enterprise choices. For extra info, contact Dell’Oro Group at +1.650.622.9400 or go to https://www.delloro.com.