Robust Growth in Network Security and Data Center Appliances Market Rising by Nine Percent in 1Q 2021
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Update time : 2021-06-09 16:09:00
“This quarter’s growth reflects increasing enterprise confidence and the need to invest in critical network-based security technologies,” said Mauricio Sanchez, Research Director, Network Security and Data Center Appliances. “While the worst of the pandemic appears behind us, we are tracking the effects of the chip crunch. We estimate an impact of $300 M in 1Q 2021 caused by some product lead times tripling to eighteen weeks.”
Additional highlights from the 1Q 2021 Network Security & Data Center Appliance Quarterly Report:
Web Application Firewall maintained strong growth by shooting up 27 percent year-over-year (Y/Y), driven by the continued priority to protect Internet-facing web apps.
Firewall revenue accelerated 14 percent Y/Y. By comparison, a year ago, growth was just three percent.
Secure Web Gateway/Zero Trust Network Architecture rose 18 percent Y/Y as enterprises continued to focus on moving away from legacy VPN architectures.