5-Year Network Security Forecast Revised Upward On Strength of Campus Edge

Views : 180
Update time : 2023-08-03 15:05:05
“During the depths of the Covid-19 pandemic, spending on data center security solutions, such as high-end firewalls and web application firewalls, accelerated as enterprises put their digital transformation initiatives into high gear but now have been decelerating and are expected to do so for the next couple of years,”  said Mauricio Sanchez, Sr. Director, Enterprise Security and Networking at Dell’Oro Group. “Instead, we see an increased focus towards the campus and ensuring employees have the best possible online experience, whether in the office or remotely. While security service edge (SSE) has been and is expected to remain strong for remote work, we raised our forecast for mid- and low-end firewalls that are being deployed on-premises,” added Sanchez
 
Additional highlights from Network Security July 2023 Five-Year Forecast Report encompassing the years from 2023 to 2027:
 
In our current forecast, network security sales are projected to be $144 B versus $142 B in our previous forecast (January 2023).
Five-year compound annual growth rate (CAGR) for high-end firewalls downgraded by one percent, representing $3 B less revenue.
Web application firewall revenue forecast reduced by $355 M.
Mid- and low-end firewall revenue forecast increased by $2 B.
SSE revenue forecast increased by over $1 B.
Network Security market to experience a low double-digit CAGR over the forecast period.




#Lycom #SZ #China #Switch #EthernetSwitch #POE #POE+ #5GCPE #CPE #5GRoute #GPON #EPON #OLT #ONU #Option82 #ONT #XGSPON #XGPON #industrialONU #POEONU #POEONT #MDU #SFU #HGU #POEMDU #POESFU #Route #4GRoute #4GCPE #Broadcomm #BCM #Qualcomm #Marvell #Realtek #RTL #Centec #CTC #optical #copper #100G #40G #25G #10G #2.5G