Increased Spend on Cloud-Based Security Fails to Offset Physical Infrastructure Weakness
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Update time : 2020-09-16 17:18:00
“The network security market was still in the grips of the pandemic in 2Q20,” said Mauricio Sanchez, Research Director, Network Security and Data Center Appliances. “We foresee the current market dynamics to continue in 3Q20 and only begin shifting again late 2020 or early 2021, coinciding with effective therapies or vaccines for COVID-19. While we expect the overall market to shift back to stronger growth in 2021, we anticipate any recovery to be prolonged,” continued Sanchez.
Additional highlights from the 2Q20 Network Security & Data Center Appliance Quarterly Report:
Cisco, Palo Alto Networks, and Fortinet were the top three vendors in terms of revenue share, respectively.
Zscaler, Proofpoint, and Huawei had the strongest Y/Y revenue growth, at 43 percent, 21 percent, and 13 percent respectively.