Virtual Network Security Appliance revenue grows 11 percent year-over-year in 3Q17, according Dell’Oro Group

Date: Thu, 04/12/2018 - 12:44 Source: Dell’Oro Group

Cisco, Fortinet, Palo Alto Networks experience strong revenue growth
Virtual Network Security Appliance revenue grows 11 percent year-over-year in 3Q17, according Dell’Oro Group

Casey Quillin, Director at Dell’Oro Group

Image credited to Dell’Oro Group

A recently published report, Dell’Oro Group, the trusted source for market information about the telecommunications, networks, and data center IT industries, shows that virtual network security appliance revenue grew 11 percent year-over-year (Y/Y) in 3Q17. Cisco, Fortinet, and Palo Alto Networks all experienced strong revenue growth in the Network Security Appliances (NSA) market during the quarter.


“The NSA market continues to move towards a software subscription revenue model,” said Casey Quillin, Director at Dell’Oro Group. “We view the next several quarters as transitional as recurring, subscription-based revenue becomes an increasingly larger portion of revenue for all major network security vendors. This revenue model disruption is occurring as customers adjust timing for product upgrade cycles,” Quillin continued.

Additional highlights from the 3Q17 Network Security & Data Center Appliance Quarterly Report:

• The Application Delivery Controller market revenue declined three percent Y/Y and unit shipments were flat.


• The WAN Optimization market also declined three percent Y/Y as revenue growth in virtual appliances could not offset declines in physical appliance sales.

 

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